CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Scan to Download iOS&Android APP

Thai Airways reports first profit since pandemic on restructuring plan

By Mensholong Lepcha

04:21, 17 August 2021

Share this article

Subscribe to Weekly Highlights

The major market events for the week ahead right in your inbox. Subscribe
Tail of three Thai Airways planes parked at Suvarnabhumi Airport
Thai Airways aircraft at Suvarnabhumi Airport – Photo: Shutterstock

Thai Airways on Monday reported a turn around to half-yearly profit helped by lower expenses, asset sales and debt restructuring made as a part of its rehabilitation plan.

The company posted an interim consolidated profit of THB11.12 bn ($333m), its first since the start of the COVID pandemic, compared to a loss of THB28bn from a year ago.

Half-year consolidated total revenues from sales or rendering services dropped nearly 80% to THB8.3bn with air travel still suffering as international borders remain partially shut and quarantine measures continue to be imposed.

Removal from SET index

The beleaguered airline is set to be removed from the Stock Exchange of Thailand’s benchmark SET index from 18 August, as trading in its shares have been suspended for three months.

In March, the Stock Exchange of Thailand announced that Thai Airways is subject to possible delisting after the company showed negative equity holdings of minus THB128.7bn in its 2020 annual report.


0.40 Price
+0.520% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 0.00349


11,515.40 Price
+0.190% 1D Chg, %
Long position overnight fee -0.0167%
Short position overnight fee 0.0059%
Overnight fee time 22:00 (UTC)
Spread 1.8

Natural Gas

7.09 Price
-2.350% 1D Chg, %
Long position overnight fee 0.0605%
Short position overnight fee -0.0897%
Overnight fee time 22:00 (UTC)
Spread 0.005


16,898.80 Price
+2.500% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 66.00

The stock exchange gave the airline three years to eliminate delisting grounds.

What is your sentiment on GMF?

Vote to see Traders sentiment!

Negative total shareholder equity

As of 30 June, the company said its total shareholder equity reduced to minus THB116.5bn compared to minus THB128.7bn six months ago.

As a part of its restructuring plan approved by a Thai court in June, Thai Airways recorded THB8.6bn in debt restructuring profit after the company was exempted from paying interest on loans for three years and debt deadlines extended.

The company also received THB2.7bn from a stake sale in Bangkok Aviation Fuel Services to Ratch Group in the first half of 2021.

Trade SPDR S&P Emerging Asia Pacific ETF - GMF CFD


Read more : Thai Airways creditors approve restructuring plan

Rate this article

Share this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Latest Economics headlines

Still looking for a broker you can trust?

Join the 475.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading