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Thailand Industry – THAI blames huge losses on unrest

By on Apr 30, 2014 in Hotel-Tourism, Property News

Thai Airways International (THAI) has confirmed it is experiencing a substantial decrease in passengers from East Asia due to the political stand-off. Acting president Chokchai Panyayong said the board acknowledged THAI’s losses in the first quarter of this year are due to a drop in passengers from China, Japan and South Korea.  Once the political chaos is resolved, the situation is likely to improve, he said.

In the second half of this year, THAI would focus on the transit passenger market due to large number of passengers transiting through Thailand.  Mr Chokchai said company management is launching an early retirement programme for groups of employees.  The decision is aimed at streamlining and boosting efficiency of the organisation.

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