Thai Airways Eyes Full-Year Revenue Above 200 Billion Baht, Expands Fleet to Meet Demand

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Summary · why it matters

Thai Airways is signalling continued profit growth in 2026, with Chai Eamsiri, Chief Executive Officer of Thai Airways International Public Company Limited, or THAI, revealing that the company expects full-year total revenue to potentially exceed 200 billion baht, after the first half of the year brought in nearly 100 billion baht, or approximately 99 billion baht, along with a profit of about 12 billion baht. At the same time, its liquidity position remains a strength, with more than 120 billion baht in cash on hand, up from the second quarter. The company is pressing ahead with managing its fleet of 87 aircraft to capture opportunities from regional low-cost carriers facing liquidity constraints and cutting services on certain routes. It plans to add Boeing 787 aircraft to the fleet and to return one existing aircraft that has been refurbished and fitted with seats to service on medium-haul routes. In the Asian market, particularly China, India, and Vietnam, it is preparing to add Airbus A321 aircraft. On fuel price risk management, for the remainder of 2026 the company has already hedged more than 40%, and for 2027 it has hedged about 48%. Kittiphong Sansomboon, Chief Commercial Officer, said that in the winter flight schedule for 2026/2027, running from October 25, 2026 to March 27, 2027, Thai Airways will operate a total of 66 routes, launching a new Bangkok–Da Nang route with 14 flights per week starting December 1, 2026, while increasing frequency on the Bangkok–Vientiane and Bangkok–Yangon routes to 21 flights per week per route, Bangkok–Siem Reap to 7 flights per week, Bangkok–Amsterdam to 7 flights per week, Bangkok–Munich to 10 flights per week, Bangkok–Zurich to 11 flights per week, Bangkok–Paris to 14 flights per week, and resuming service on the Bangkok–Xiamen route with 4 flights per week.

Impact on stocks 3

Aerospace & Aviation▲ · 2 stocks
The Boeing Company
BA
▲ PositiveDemandrelevance

Thai Airways plans to add Boeing 787 aircraft to its fleet, a concrete order for Boeing's product.

Industrials▲ · 1 stocks
Airbus Group SE
AIR
▲ PositiveDemandrelevance

Thai Airways is preparing to add Airbus A321 aircraft for the Asian market, a concrete order for Airbus's product.

Theme Impact 2

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