Bangkok: Thai Airways International has announced its plans to resume trading on the Stock Exchange of Thailand on August 4, 2025. This announcement follows the successful completion of the company's rehabilitation process, which was ordered by the Central Bankruptcy Court to be canceled on June 16, 2025. The airline is now poised to re-establish its presence as a leader in the regional aviation industry and a prominent company on the Stock Exchange of Thailand.
According to Thai News Agency, Mr. Laworn Sangsanit, Chairman of Thai Airways International Public Company Limited, expressed his confidence in the new board of directors. The board is composed of experts from both the public and private sectors, and it includes 11 directors, with a mix of experienced individuals from the rehabilitation process and newly appointed members. This diverse leadership team is expected to boost the airline's governance and operational efficiency. The company aims to maintain its commitment to good corporate governance, ensuring long-term confidence among shareholders and stakeholders.
Dr. Piyasvasti Amranand, Director and former Chairman of the Rehabilitation Plan Executive Committee, highlighted the impressive financial turnaround achieved under the rehabilitation plan. Thai Airways generated an operating profit of 41,515 million baht in 2024, and this momentum continued into the first quarter of 2025. The airline posted an operating profit of 13,661 million baht with an EBIT margin of 26.5%, the highest among full-service airlines in the Asia Pacific and Europe regions. This strong financial performance is credited to the management's efficiency and the strategic direction set by the new board.
Mr. Chai Eiamsiri, Chief Executive Officer, discussed Thai Airways' growth strategy, which is not solely a recovery from the COVID-19 pandemic but a result of strategic restructuring. The airline aims to increase its fleet to 150 aircraft by 2033 and optimize operational costs by reducing the number of aircraft and engine types. The company is also focusing on expanding its route network and enhancing customer service using digital technology. Thai Airways plans to increase its market share from 26% to 35% by 2029, reinforcing its position as a leading regional airline.
Mrs. Cherdchom Therdsteerasakdi, Chief Financial Officer, emphasized the improved financial stability of the airline. In 2024, Thai Airways reported total revenue of 187,989 million baht, marking a 16.7% increase from the previous year. The successful conversion of debt into equity and the offering of new shares has strengthened the company's financial position. Shareholders' equity stood at a positive 55,439 million baht as of March 31, 2025, a significant improvement from a negative balance at the end of 2020. The airline's debt-to-equity ratio has also improved, further underscoring its robust financial health.