Thai airline companies report Q1 revenues surge as tourism rebounds

Major airline companies in Thailand have actually reported positive business results throughout the initial quarter, as international travelers have crowded back to Southeast Asia’s second-largest economy in large numbers.
Thai Airways posted a net income of 12.51 billion baht ($370 million) throughout the first quarter, rebounding from a net loss of 3.25 billion baht a year previously, Bangkok Message reported.

Bangkok Airways’ take-home pay was 875 million baht versus a bottom line of 1.02 billion baht in the same quarter in 2014.

Thailand obtained 8.6 million international arrivals in January-April, around one-third of the full-year target.

The Thai federal government approximates that in between 25 to 30 million individuals will show up in 2023.

The nation is targeting high-spending visitors from the Center East in the 2nd half of this year as a possible brand-new growth engine.