|Bid||0.00 x 0|
|Ask||12.20 x 0|
|Day's Range||12.50 - 12.90|
|52 Week Range||11.90 - 17.60|
|Beta (3Y Monthly)||2.23|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 9, 2018 - Aug 14, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.80|
About 2,000 travellers were still stranded in the Thai capital Bangkok on Friday and it will take a few more days to get them home after flights were disrupted by the latest conflict between Pakistan and India, airline officials said. Thai Airways International canceled more than a dozen flights to European cities -- including London, Paris, Milan, Zurich and Frankfurt -- after Pakistan closed its airspace on Wednesday amid rising tensions with India. "There are still about 2,000 passengers," Thai Airways President Sumeth Damrongchaitham told reporters at a briefing to announce the company's financial results.
NEW DELHI/ISLAMABAD, Feb 28 (Reuters) - Indian military officials said on Thursday they welcomed Pakistan's planned return of a captured pilot, but refused to confirm they would de-escalate a conflict between the two nuclear powers. The pilot, identified as Wing Commander Abhinandan, became the human face of the flare-up over the contested region of Kashmir following the release of videos showing him being captured and later held in custody. "We are happy our pilot is being released," said Air Vice Marshal RGK Kapoor, at a joint news conference of India's three armed forces on Thursday evening.
Thousands of travellers were stranded in Bangkok on Thursday when Thai Airways International cancelled more than a dozen flights to and from Europe after Pakistan closed its airspace amid rising tensions with India. Thai Airways flights resumed by Thursday afternoon after the airline secured permission to reroute flights over Chinese airspace, but it could take up to three days to clear a backlog of 3,000 passengers, an airline official said. Flights to and from London, Munich, Paris, Brussels, Milan, Vienna, Stockholm, Zurich, Copenhagen, Oslo, Frankfurt and Rome had been scheduled to fly over Pakistani airspace on Thursday, Thai Airways said in a statement.
Thai Airways International said on Thursday it had cancelled more than a dozen flights to Europe after Pakistan closed its airspace amid rising tensions with India, with both claiming to have shot down the other's military jets. Thai flights to and from cities in Europe were cancelled because they had been scheduled to fly over Pakistani airspace on Thursday, Thai Airways said in a statement. In addition, all flights to and from Pakistan were cancelled on Thursday, the airline said.
Thailand's Asia Aviation PCL , the majority owner of low-cost carrier Thai AirAsia, on Monday said it was in talks to buy a stake in rival Nok Airlines PCL, sending Nok's share price up as much as 13 percent. The announcement comes as a tourism boom in Thailand stokes competition among carriers.
Thai Airways International is concerned about the reputational damage caused by persistent engine issues with its Boeing 787-8 fleet.
Thai Airways International PCL (THAI.BK) is considering the purchase of Airbus SE (AIR.PA) A350s or Boeing Co (BA.N) 777X jets as part of a plan to renew its widebody fleet, a senior executive said on Friday. The airline submitted a plan to its government to buy 23 jets worth 100 billion baht ($3.07 billion) including some widebodies, but it was last month sent back to the new Thai Airways leadership team for a three-month review. "Hopefully the figures will not change too much because we need room for expansion," Thai Airways Vice President Alliances and Commercial Strategy Krittaphon Chantalitanon said of the order size on the sidelines of an industry conference.
Thai Airways International PCL is considering the purchase of Airbus SE A350s or Boeing Co 777X jets as part of a plan to renew its widebody fleet, a senior executive said on Friday. The airline submitted a plan to its government to buy 23 jets worth 100 billion baht ($3.07 billion) including some widebodies, but it was last month sent back to the new Thai Airways leadership team for a three-month review. "Hopefully the figures will not change too much because we need room for expansion," Thai Airways Vice President Alliances and Commercial Strategy Krittaphon Chantalitanon said of the order size on the sidelines of an industry conference.
Struggling national carrier Thai Airways International PCL is pinning hopes of a revival to its 1990s heyday on a new leadership team, jet purchases and improving its brand as tourism booms in the region. Challenges for the new team include cutting costs, managing a mixed fleet, coping with loss-making subsidiaries as well as healing long-time rifts between government-appointed management and airline veterans. Thailand has been the beneficiary of a boom in tourist arrivals, particularly from China, but as foreign airlines like Qatar Airways and China Eastern Airlines Corp have rushed to add flights, Thai Airways has reported annual losses for four of the last five years.
BANGKOK, Aug 10 (Reuters) - Thailand's low-cost carriers saw share prices falling nearly 7 percent in morning trade in Bangkok on Friday after they reported losses due to tough competition and higher fuel ...
Thailand is seeking Chinese investment to help galvanize a five-year, 1.7 trillion baht ($51 billion) development plan for its eastern seaboard to bolster the economy. While political tension has shadowed Chinese investment in nations from Australia to Sri Lanka, the Thai military government views its so-called Eastern Economic Corridor project as well placed to link with China’s Belt and Road Initiative. "China is very important in terms of trade and investment," Prime Minister Prayuth Chan-Ocha said in an interview in London last month, when asked about the country’s significance for the corridor.
Thai Airways International Pcl plans to purchase 23 new aircraft worth about 100 billion baht ($3 billion) to replace decommissioned ones, the country's transport minister told reporters on Wednesday. The purchase, subject to cabinet approval expected later this year, was part of the state-owned national carrier's five-year plan from 2018-2023, Arkhom Termpittayapaisith said. Thai Airways expects to make an order of 13 widebody aircraft and 10 narrowbody aircraft within this year, the airline's acting president, Usanee Sangsingkeo, told reporters.
Thai Airways International and Airbus will establish a new joint venture MRO facility at U-Tapao International airport near Bangkok.
Thai Airways International Pcl and Airbus SE signed a joint venture agreement for a maintenance, repair and overhaul (MRO) facility, the carrier said on Friday. The aviation maintenance hub will be set up at Thailand's U-Tapao Airport, a joint civil-military airport near the country's eastern seaboard, 150 kilometers east of Bangkok. Thai Airways previously said that facility would cost about 11 billion baht ($338 million) of which the joint venture would pay 4 billion baht and the remaining would come from the Thai Navy's budget.
Business confidence among Asian companies rose in the first quarter to the highest level in seven years, a Thomson Reuters/INSEAD survey showed, as a fresh surge by the Chinese economy offset concerns about rising trade barriers. The Thomson Reuters/INSEAD Asian Business Sentiment Index (.TRIABS) (RACSI), representing the six-month outlook of 67 firms, advanced one notch to 79 for the January-March quarter compared with three months before. A reading above 50 indicates a positive outlook.
Rolls-Royce has signed an agreement with Thai Airways International to study how the carrier can be incorporated into its CareNetwork.
BANGKOK (Reuters) - Thai Airways International Pcl (THAI.BK) will undertake maintenance and repair of Rolls-Royce Trent engines and expects additional revenue of up to 5 billion baht (116.3 million pounds) ...
Thai Airways International PCL (THAI.BK) on Monday said it has found a new president and chief executive, almost two years after the retirement of the national carrier's former head. The board has recommended the recruitment of Sumeth Damrongchaitham, 53, after details such as salary are agreed, the airline said in a statement. Sumeth is listed on the website of the Ministry of Finance as president of state-owned property manager Dhanarak Asset Development Co Ltd. He was also chief operating officer of music and entertainment group GMM Grammy PCL (GRAMMY.BK).