Thai Airways plans to relist on the stock exchange by 2025

The State Enterprise Policy Office (SEPO) anticipates that Thai Airways International Plc (THAI) will return to the Stock Exchange of Thailand in 2025.

Despite challenges during the pandemic, THAI has shown signs of improvement, including workforce reduction and fleet downsizing.

Key Takeaways

• Thai Airways International Plc (THAI) is expected to return to the Stock Exchange of Thailand in 2025 as it shows signs of significant financial improvement and operational streamlining efforts.
• The airline reported a profit of nearly 2.3 billion baht in the second quarter of 2023, marking a significant 171% increase from the previous year, indicating a strong financial upturn and potential exit from rehabilitation phase by the end of the year.
• The anticipated revival of the tourism sector, with an expected 33.5 million foreign tourists and a projected 23.6% increase in tourism revenue, plays a crucial role in THAI’s recovery and prospective relisting on the stock exchange.

The airline reported a significant profit increase in the second quarter of 2023, indicating a potential exit from rehabilitation by the end of the year. The revival of the tourism sector, with an expected increase in foreign tourists, is playing a crucial role in THAI’s recovery, as well as the positive trend in tourism revenue.

RelatedArticles

Moody’s Ratings affirms EXIM Bank of Thailand’s Baa1 ratings with outlook remaining stable

November 13, 2024

Nvidia plans Major Investments in Thailand Ahead of CEO Jensen Huang’s Visit

October 24, 2024

Thailand’s Investment Hits a Decade High with 2,195 Projects Seeking BOI Benefits

October 22, 2024

Apple’s Growth Rekindled by iPhone 16 Sales Surge in China

October 19, 2024