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Thai Airways International Public Co. Ltd.
- 14.50 THB
- +1.20
- +9.02%
Thailand
Aug 14, 2018Ticker
BKK(THAI)Prev. close
13.30Market cap (THB)
29,030.86MMarket cap (USD)
873.10MShares
2,182.77M
In the news
- Thailand's $7bn railway draws Siemens and Bombardier May 8, 2018
- Thai industry goes high-tech with Alibaba and Airbus set to move in May 3, 2018
- Asia Inc. comes roaring back in 2017 Mar 16, 2018
- Thai king's close aide seeks board seat at Siam Cement Group Mar 15, 2018
- Thai utilities form JV to serve new economic zone Mar 6, 2018 See more articles on Thai Airways International Public Co. Ltd.
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.
Business Summary
Financial Highlights
| Dec 2017 | THB | USD |
| Revenue | 189,856.98M | 5,594.96M |
| Gross Profit | 23,605.73M | 695.64M |
| Operating income | 6,311.26M | 185.98M |
| Income before tax | -2,732.90M | -80.53M |
| Net income | -2,107.34M | -62.10M |
| EBITDA | 23,332.73M | 687.60M |
| Diluted EPS | -0.97 | -0.02 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 280,774.54M | 8,615.35M |
| Total liabilities | 248,761.74M | 7,633.06M |
| Total equity | 31,911.08M | 979.16M |
| Operating cash flow | 19,899.33M | 586.42M |
| Currency in THB | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 206,336.24M | 188,367.61M | 182,727.36M | 178,312.50M | 189,856.98M |
| Gross Profit | 15,711.84M | -2,403.74M | 15,564.63M | 20,910.50M | 23,605.73M |
| Operating income | -3,780.32M | -18,248.78M | -1,254.44M | 6,014.01M | 6,311.26M |
| Income before tax | -13,765.44M | -16,814.67M | -14,248.18M | -837.97M | -2,732.90M |
| Net income | -12,047.37M | -15,611.62M | -13,067.67M | 15.14M | -2,107.34M |
| EBITDA | 16,245.35M | 2,285.75M | 17,878.34M | 24,004.84M | 23,332.73M |
| Diluted EPS | -5.52 | -7.15 | -5.99 | 0.01 | -0.97 |
| Dividends Per Share | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 307,084.73M | 307,267.17M | 302,471.05M | 283,123.87M | 280,774.54M |
| Total liabilities | 250,166M | 265,971.24M | 269,545.36M | 249,535.68M | 248,761.74M |
| Total equity | 56,829.64M | 41,215.12M | 32,855.95M | 33,501.37M | 31,911.08M |
| Operating cash flow | 21,205.61M | 1,017.45M | 13,037.69M | 20,143.30M | 19,899.33M |
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 6,714.65M | 5,798.85M | 5,331.57M | 5,054.12M | 5,594.96M |
| Gross Profit | 511.29M | -73.99M | 454.14M | 592.69M | 695.64M |
| Operating income | -123.02M | -561.78M | -36.60M | 170.46M | 185.98M |
| Income before tax | -447.95M | -517.63M | -415.73M | -23.75M | -80.53M |
| Net income | -392.04M | -480.60M | -381.28M | 0.42M | -62.10M |
| EBITDA | 528.66M | 70.36M | 521.65M | 680.39M | 687.60M |
| Diluted EPS | -0.17 | -0.22 | -0.17 | 0.00 | -0.02 |
| Dividends Per Share | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 9,345.24M | 9,339.42M | 8,405.47M | 7,906.16M | 8,615.35M |
| Total liabilities | 7,613.08M | 8,084.23M | 7,490.49M | 6,968.22M | 7,633.06M |
| Total equity | 1,729.44M | 1,252.73M | 913.04M | 935.51M | 979.16M |
| Operating cash flow | 690.07M | 31.32M | 380.41M | 570.94M | 586.42M |
Valuation Measures
| Dec 2017 | |
| PER | -- |
| ROA | -0.74% |
| ROE | -6.44% |
| Operating margin | 3.32% |
| Profit margin | -1.10% |
Key executives
- President & Director: Usanee Sangsingkeo
- Executive Vice President-Operations: Pongtorn Thepkanjana
- Executive Vice President-Finance & Accounting: Narongchai Wongthanavimok
- Executive Vice President-Technical: Surachai Piencharoensak
- EVP-Human Resources & Compliance: Kanok Thongpurk
Shareholders
- 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. (1.5%)
- Dimensional Fund Advisors LP (1.3%)
- JITJUAJUN SONGSAK (0.8%)
- ARCHAVAKULTHEP EAM (0.7%)
- KANATHANAVANICH VICHAI (0.6%)
- Norges Bank Investment Management (0.4%)
Contact Details
- Website:http://www.thaiairways.com
- Address: 89 Vibhavadi Rangsit Road, Chom Phon, Chatuchak, Bangkok, 10900, Thailand
- Phone: +66.2.545.1000
Related Companies
- Thai Airways International Employees Provident Fund
- Thai Smile Airways Co. Ltd.
- Tour Eurng Luang Co. Ltd.
- Thai Flight Training Co., Ltd.
- Thai Airways International
- Wingspan Services Co. Ltd.
- Mudman Public Co. Ltd.
- Thai Amadeus Southeast Asia Co. Ltd.
- Donmuang International Airport Hotel Co. Ltd.
Competitors
- Nok Airlines Public Co., Ltd.
- Vietjet Aviation JSC
- Bangkok Airways Public Co., Ltd.
- China Eastern Airlines Corporation Limited Class H
- PT Garuda Indonesia (Persero) Tbk Class B
- China Southern Airlines Company Limited Class H
- Asiana Airlines Inc.
- Cebu Air Inc.
- China Airlines Ltd.
- PAL Holdings, Inc.
- AirAsia Group Bhd.
- JG Summit Holdings Inc.
- Asia Aviation Public Co., Ltd.
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