According to Thai media news, on May 10, Ms. Che Chong, head of the accounting department of Thai Airways International, revealed that Thai Airways had previously submitted the financial statements of the company and its subsidiaries in the first quarter of 2024. According to the data, the net profit in the first quarter reached 2.423 billion baht, which was lower than the level of the same period last year.
She said that the reason for the year-on-year decline in profit in the first quarter came from a number of factors, including exchange rate losses when converting foreign currencies, damage to aircraft and loss of recycling of aviation equipment. At the same time, the company's one-off net project expenses in the first quarter amounted to 4.036 billion baht, despite the company's profit from debt restructuring and profit sharing from investments in associates.
In addition, she further said that as of March 31, 2024, the total assets of THAI and its subsidiaries amounted to 257.11 billion baht, an increase of 7.6% compared to December 31, 2023. Total liabilities amounted to THB 297,829 million, an increase of 5.6% compared to data as of December 31, 2023.