BANGKOK, Thailand – Thai Airways International reported a net profit of 1.53 billion baht for the second quarter of 2026, down sharply from 12.12 billion baht in the same period last year, as higher operating costs and instability in the Middle East weighed on its performance. For the first six months of 2026, the airline recorded a net profit of 11.62 billion baht, compared with 21.96 billion baht in the same period last year. Total revenue excluding one-off items reached 48.62 billion baht in the second quarter, up 8.5% or 3.79 billion baht year on year. For the first half, revenue stood at 99.65 billion baht, an increase of 3.3% or 3.20 billion baht.
However, total expenses excluding one-off items rose 14.4% year on year to 82.21 billion baht, reflecting continued cost pressures facing the aviation industry. The company said instability in the Middle East has also affected oil and commodity prices. Operating profit before finance costs and excluding one-off items was 17.44 billion baht, while finance costs amounted to 6.15 billion baht.
During the first half, Thai Airways also recorded net one-off income of approximately 1.42 billion baht, largely from gains related to the cancellation and modification of aircraft lease agreements.
Thai Airways is continuing to strengthen its fleet to support future network and route expansion. During the first half of 2026, the airline received nine new aircraft, comprising five Airbus A321neo narrow-body aircraft, three Boeing 787-8 wide-body aircraft and one Boeing 787-9.
The additional aircraft are expected to strengthen the airline’s service capacity and support plans to expand its flight network amid intense competition in the global aviation industry. Looking ahead, Thai Airways said it is closely monitoring geopolitical risks, particularly the continuing instability in the Middle East, and will adjust its operations according to changing conditions. The airline said it will continue focusing on cost discipline and maintaining liquidity while strengthening competitiveness and laying the foundation for sustainable growth during the second half of 2026.
