{
  "id": 634418,
  "title": "Thai Airways net profit plunged in Q2",
  "url": "https://urgent.news/2026/08/12/thai-airways-net-profit-plunged-in-q2",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T04:40:00.000Z",
  "source": {
    "name": "Bangkok Post",
    "slug": "bangkok-post",
    "url": "https://www.bangkokpost.com/business/general/3300505/thai-airways-net-profit-plunged-in-q2"
  },
  "original_language": "en",
  "account": "Thai Airways reported a significant decline in net profit for the second quarter of 2026, with profits dropping to 1.54 billion baht from 12.13 billion baht in the same period last year. Total revenue, excluding one-time items, increased to 48.62 billion baht, up 8.5% year-on-year, driven by a 20.3% rise in average passenger yield. However, total expenses, excluding one-time items, rose to 44.93 billion baht, a 29.7% increase from the previous year, primarily due to soaring jet fuel prices, which jumped 104.6% due to unrest in the Middle East. Operating profit before finance costs, excluding one-time items, amounted to 3.69 billion baht, with an operating profit margin of 17.5%. Finance costs totaled 3.16 billion baht, while one-time items revenue was 335 million baht. The airline reported total assets of 322.08 billion baht and total liabilities of 240.25 billion baht as of June 30, 2026. Cash and cash equivalents reached 123.76 billion baht. The carrier operated a fleet of 84 aircraft, with an average utilization of 12.9 hours per aircraft per day, carrying 3.66 million passengers and generating 16,778 million Available Seat Kilometers, a 4.4% decrease from the previous year. Revenue Passenger Kilometers totaled 11,993 million, down 11.3%. Average Cabin Factor decreased to 71.5%. For the first half of 2026, THAI recorded total revenue of 99.65 billion baht, a 3.3% increase from the same period last year, and a net profit of 11.64 billion baht.",
  "summary": "Thai Airways International has reported recording a net profit of 1.54 billion baht in the second quarter of this year compared with 12.13 billion baht during the same period last year.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Bangkok Post Business",
        "title": "Thai Airways net profit plunged in Q2",
        "url": "https://urgent.news/2026/08/12/thai-airways-net-profit-plunged-in-q2-635422",
        "published": "2026-08-12T04:40:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}