THAI execs reiterate airline on course to exit rehabilitation plan

Thai Airways International (THAI) executives have moved quickly to reassure stakeholders that the huge loss reported for fiscal year 2024 was solely attributable to a one-off debt-to-equity conversion, and would not impede the airline's operational performance or its planned exit from its rehabilitation programme. This clarification came after the airline released its financial performance report to the Stock Exchange of Thailand on Wednesday. Speaking at a press conference later in the afternoon, Piyasvasti Amranand, chairman of the rehabilitation plan administrator for Thai Airways, highlighted that the airline's total revenue, excluding exceptional items, continued to rise in 2024, reaching 187.989b baht (US$5.55b)—a 16.7% increase from 2023. The operating profit before financial costs, also excluding one-off items, grew by 3.2% to 41.515b baht (US$1.23b), while the operating profit margin before financial costs (EBIT Margin) reached 22.1%, surpassing the projections set out in the rehabilitation plan.<br/>