Will Thai Airways go bust?
Thai Airways gets back in the air but continues to focus on cutting operating costs. That restructuring process produced a calendar 2021 net profit for Thai of $1.7 billion. Thailand is now largely reopened to fully vaccinated travelers, but for most of 2020 and 2021, it was not.
Is Thai Airways still in operation?
Thai Airways International Public Company Limited (THAI) continues to operate regularly scheduled flights to and from Bangkok-Hong Kong and recommends that passengers arrive at the airport earlier than usual.
Will Thai Airways recover?
Thai Airways posted a consolidated net profit of 55.1 billion baht ($1.7 billion) for 2021 on Wednesday, reversing its worst-ever net loss of 141 billion baht in 2020. The rebound reflected its restructuring efforts under a court-supervised rehabilitation.
What is the future of Thai Airways?
For now, the future of Thai Airways remains uncertain. While the airline is unlikely to completely shut down, according to experts, a prolonged bankruptcy is possible. Currently, the airline’s best hope is to have its rehabilitation plan accepted and begin the process of becoming profitable again.
Is Thai Airways still flying to Europe?
THAI operates to Europe as normal As such, THAI will continue to operate regularly-scheduled flights to Europe, which includes these 11 cities in 9 countries: London, Copenhagen, Frankfurt, Brussels, Munich, Oslo, Paris, Stockholm, Zurich, Milan, and Rome. Passengers can find flight information at www.thaiairways.com.
Why does Thai Airways not fly to USA?
To fly to the United States, foreign airlines must have a Federal Aviation Authority (FAA) category one license. After investigating Thailand’s aviation industry in 2015, the FAA found that 26 regulations did not meet category one safety criteria and subsequently lowered Thai Airways’ rating to category two.
Is Phuket Thailand safe?
Phuket is quite a safe destination for female travelers, who are unlikely harassed because of how they’re dressed, and doesn’t have significant issues with violent street crime. The two biggest criminal threats to female tourists in Phuket are drink spiking and scams.
Are Thai Airways still flying to UK?
Thai Airways International Public Company Limited (THAI) will operate three special flights from Bangkok-London for those who wish to return to the United Kingdom and for stranded Thais in the UK who wish to be repatriated.
Is Thai Airways in administration?
Thai Airways filed for bankruptcy protection in May 2020. The airline buckled under the pressure of US$9.8 billion in debts and the worldwide travel downturn. In September 2020, the Central Bankruptcy Court in Bangkok ordered the airline into a business rehabilitation program.
Is Thai Airways a good company?
Thai Airways is Certified as a 4-Star Airline for the quality of its airport and onboard product and staff service. Product rating includes seats, amenities, food & beverages, IFE, cleanliness etc, and service rating is for both cabin staff and ground staff.