Thai Airways International has conceded its chances are slim of obtaining government help to offset lost revenue resulting from the political unrest of April and May.
“Basically, we will tell them by how much we were hit, but frankly I don’t think we can get any meaningful assistance from the government,” president Piyasvasti Amranand told the Bangkok Post as the airline finished counting the costs of the unrest.
THAI may be better off looking after itself, he said, adding that the faster-than-expected revival of passenger traffic in recent weeks was encouraging.
“Starting from the end of June to now, passenger revenue has improved to a satisfactory rate, increasing by 10% year-on-year,” he said.
“The cabin factor in the first nine days of July increased to 72% and advanced bookings for the rest of July look quite good, so the average cabin factor for July should be as we targeted before the red-shirt protests.”
THAI expects normal passenger volumes in the third quarter, a much faster recovery than previously anticipated.
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