BANGKOK, Thailand – Thai Airways Public Company Limited announced its third-quarter 2025 results, reporting total revenue of 44.4 billion baht, down 3.1% from the same period last year, with net profit of 4.42 billion baht. The decline was attributed to intensified competition and a strong Thai baht. Passenger numbers reached 3.89 million, with cabin factor improving slightly to 76.8%.
Operating expenses fell 7.2% to 35.84 billion baht, mainly due to lower fuel costs and reduced maintenance expenses, despite higher flight volumes. Operating profit before finance costs rose 19% to 8.56 billion baht, with an EBIT margin of 19.3%.
For the first nine months of 2025, Thai Airways posted revenue of 140.85 billion baht, up 3.7%, and net profit of 26.39 billion baht, a 73.4% increase from the same period last year. Passenger traffic grew to 12.19 million, a 4.9% rise, with an average cabin factor of 79.1%.
As of 30 September 2025, Thai Airways operated a fleet of 78 aircraft, with total assets of 299.73 billion baht and cash and financial equivalents of 123.19 billion baht.
