THAI Reports Operational Performance Results for the Year Ended 31 December 2025

Thai Airways International Public Company Limited (THAI) and its subsidiaries reported operational performance results for the year ended 31 December 2025, with total revenues excluding one-time items of 190,277 million baht, representing an increase of 1.2% from 2024 and accounting for 103.4% of the 2019 pre-COVID-19. The growth was mainly driven by passenger revenue, which expanded by 0.5%.

Financial Performance
- THAI and its subsidiaries recorded total revenue of THB 190,459 million, an increase compared to 2024.
- Net profit stood at THB 12,805 million, showing continued recovery and resilience.
- Operating profit before financial costs and tax was THB 19,237 million.

Operational Highlights
- Passenger traffic grew significantly, with international routes driving most of the recovery.
- Load factor averaged 82.5%, reflecting strong demand.
- Cargo revenue also increased, supported by global trade recovery.

Strategic Moves
- THAI continued its fleet modernization program, focusing on fuel-efficient aircraft.
- Expanded codeshare agreements and strengthened alliances to improve connectivity.
- Emphasis on digital transformation and customer experience improvements.

Outlook
- The airline expects steady growth in 2026, driven by tourism recovery in Asia-Pacific and long-haul demand.
- Challenges remain from fuel price volatility and global economic uncertainties, but THAI is positioning itself with cost discipline and network optimization.

This report shows THAI is firmly back in profitability after years of restructuring and pandemic-related losses, with a clear focus on efficiency and customer service.