THAI, which is in the middle of a debt restructuring exercise, said its total revenues slumped to 48.3 billion baht, while total expenses stood at 96.4 billion baht for the financial year ended December 31, 2020. — Reuters picBANGKOK, Feb 25 — Thai Airways International Public Co Ltd recorded its largest net loss last year at 141.2 billion baht , following the travel restrictions due to the outbreak of Covid-19.
“This resulted in an operating loss of 48.1 billion baht,” it said, adding that the net loss of 141.2 billion baht was significantly higher than the net loss of 12 billion baht reported in 2019. He said THAI and its subsidiaries saw their passenger-carrying capacity decreasing by 73.7 per cent, while passenger traffic decreased by 78.5 per cent.