Asia300

Thai Airways International Public Co. Ltd.

Thailand

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Jul 21, 2017
Prev close: 19
Jul 21, 2017
Market cap:
Market cap(USD):
41,472.7M
1,239.84M
Shares: 2,182.77M

Currency in THB

Company profile

Market(Ticker): BKK(THAI)
Sector:
Industry:
Transportation
Airlines
Full time employees: --

Business summary

Thai Airways International Public Co. Ltd. engages in the aviation and air transport-related business. It operates through the following segments: Air Transportation Activities, Business Units, and Other Activities. The Air Transportation Activities segment comprises of passenger, freight, and mail services. The Business Units segment involves directly to transportation activities, which include cargo and mail commercial, ground customer services, ground support equipment services, and catering services. The Other Activities segment are transportation supporting activities, which include dispatch services, sales on board, thai shop, technical services, and operation of subsidiaries. The company was founded on August 24, 1959 and is headquartered in Bangkok, Thailand.

Company background

Thai Airways International is Thailand's state-owned national flag carrier. More than half of its shares are owned by the Ministry of Finance, and the company is under the administration of the Ministry of Transport. The company was established by the government in 1960 as a joint venture between the now-defunct domestic carrier Thai Airways and Scandinavian Airlines System. SAS provided technical and marketing expertise but sold all its holdings to the Thai government in 1977. The company merged with Thai Airways in 1998.

Most of its board members have ties to the government or the air force. Former Chairman Prajin Juntong, for example, was commander of the air force and is now a cabinet member of the country's military government. Vice Chairman Areepong Bhoocha-oom, who succeeded Prajin as acting chairman, has held various high-ranking positions in the Finance Ministry, and is now permanent secretary of the energy ministry.

The company is one of the five founding airlines of the Star Alliance, the world's largest airline partnership. It also runs Thai Smile Airways, a wholly owned low-cost carrier, and holds about 40% stake in Nok Air, the country's second-largest budget airline.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 178,312.5M
Gross profit 20,910.5M
Operating income 6,014.01M
Income before tax -837.97M
Net income 15.14M
EBITDA 24,004.84M
Diluted EPS 0.01
Dividends per share --
Total assets 283,123.87M
Total liabilities 249,535.68M
Total equity 33,501.37M
Operating cash flow 20,143.3M

Currency in THB

Revenue 5,054.12M
Gross profit 592.69M
Operating income 170.46M
Income before tax -23.75M
Net income 0.42M
EBITDA 680.39M
Diluted EPS 0.00
Dividends per share --
Total assets 7,906.16M
Total liabilities 6,968.22M
Total equity 935.51M
Operating cash flow 570.94M

Currency in USD

Valuation measures

Dec 2016

PER 2,270
ROA 0.00%
ROE 0.04%
Operating margin 3.37%
Profit margin 0.00%

Key executive

  • President: Usanee Sangsingkeo
  • Executive Vice President-Operations: Bhurith Sriwatana
  • Executive Vice President-Finance & Accounting: Narongchai Wongthanavimok
  • Executive Vice President-Technical Department: Chalermpon Intarawong
  • EVP-Human Resources & Compliance: Kanok Thongpurk

Share holders

  • Government of Thailand(51.0%)
  • Krung Thai Asset Management Public Co., Ltd.(7.5%)
  • MFC Asset Management Public Co., Ltd. (Investment Management)(7.5%)
  • Government Savings Bank of Thailand (Investment Portfolio)(2.1%)
  • The Vanguard Group, Inc.(1.4%)
  • Dimensional Fund Advisors LP(1.2%)
  • TANGMATITHAM PRATEEP(0.8%)
  • LAPHANUNRAT SOMSONG(0.7%)
  • KANATHANAVANICH VICHAI(0.6%)
  • ARCHAVAKULTHEP EAM(0.6%)

Address

  • Website: http://www.thaiairways.com
  • Address: 89 Vibhavadi Rangsit Road, Chom Phon, Chatuchak, Bangkok, 10900, Thailand
  • Phone: +66.2.545.1000

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