Boeing · Thai Examiner
Middle East conflict has caused headwinds for Thai Airways as profits in the second quarter dived 87%
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Thai Airways Q2 profit plunges almost ฿10.6 billion from last year as Middle East unrest drives fuel prices up 104.6%. Flight cuts and weaker passenger traffic pile on pressure even as revenue rises 8.5% and passenger yields jump 20.3%.
Key facts
- Thai Airways Q2 profit plunges almost ฿10.6 billion from last year as Middle East unrest drives fuel prices up 104.6%
- Quarterly profit plunges almost ฿10.6 billion as Thai Airways reports stronger assets and liquidity
- This was ฿3.793 billion higher than a year earlier, representing growth of 8.5%
- Average fuel prices surged 104.6% compared with the second quarter of 2025
- That was ฿5.921 billion higher than six months earlier, representing growth of 7.8%
- First-half revenue increased by ฿3.198 billion, or 3.3%, from a year earlier.
Summary
Figures released on Wednesday showed Thai Airways has hit severe turbulence directly linked to the Middle East war. Second-quarter profit plunged almost 87% as fuel prices more than doubled, flights were cut and passenger traffic fell. Net profit collapsed to ฿1.537 billion from ฿12.134 billion a year earlier. Meanwhile, the passenger load factor fell to 71.5%, despite higher revenue and sharply increased passenger yields.
Thai Airways International saw second-quarter net profit plunge almost 87% as soaring fuel costs hammered the national carrier’s earnings. Net profit fell to ฿1.537 billion for the three months ending June 30. That compared with ฿12.134 billion during the same quarter last year. However, the collapse came despite stronger revenue and sharply higher passenger yields.