Thai Airways posts worst-ever $4.7bn net loss due to pandemic

Stock exchange to consider possible delisting as shareholders' equity turns negative

Uncertainties loom for Thai Airways, including how fast the world will recover from the pandemic and how travelers will behave in the post-COVID era. © Reuters

MASAYUKI YUDA, Nikkei staff writer

February 25, 2021 17:04 JST

Updated on February 25, 2021 18:00 JST

BANGKOK -- Thai Airways International reported its largest-ever net loss of 141 billion baht ($4.7 billion) in 2020 on Thursday, ahead of the submission of its court-supervised rehabilitation plan next Tuesday.