United Kingdom
United States
Asia Pacific
Thai Airways denies it’s on brink of collapse
Flag carrier Thai Airways has strongly refuted media reports the airline is in dire financial straits and is in danger of going bust.
It is insisting that comments attributed to its president Sumeth Damrongchaitham have been taken out of context and while the airline’s financial health is not good, it is not nearly as bad as reports suggest.
Sumeth addressed airline executives during a meeting this week, reportedly saying: "I want staff to be united to overcome the obstacles. Otherwise, the national airline must close down. There is still time for a solution, but there is not much time.
"There will be no other rewards for the staff, because the top prize is the survival of the company."
Sumeth says his words have been misrepresented and he was only trying to impress upon colleagues how ‘cut throat’ the competition is with LCCs.
"With utmost strength and determination, Thai confirms its capability to perform exceptionally amidst tough airline competition. Thai remains very far from shutting down," the airline said in a statement.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Exploring Brooklands Museum with Alex Patterson
Global Tourism Challenges and Upcoming Events: A Conversation with Don Welsh
Peebles Barbeque: A Legacy of Flavor and Tradition
Exploring Bok Tower Gardens with Erica Smith
Rue’s Living Water Boat Cruises: Exploring Winter Haven’s Chain of Lakes
Durango and Silverton Railroad: A Timeless Journey Through History and Scenic Beauty
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
Qatar Airways adding Manchester flights
EU entry-exit system delayed again
ATC strike in Greece could disrupt flights this week
Jet2 unveils Samos as new Greek destination for summer 2026
Icelandair launches inaugural flight to Nashville