Is Thai Airways profitable?

Has Thai Airways gone broke?

Thai Airways is in bankruptcy protection and on the verge of liquidation, as the airline will run out of cash within weeks without further funding. The airline has just listed well over two dozen planes on sale, including 10 Boeing 747s and 12 Boeing 777s.

Will Thai Airways recover?

The airline needs a major cleanup, including new funds to tide itself over during the five-to-seven-year rehabilitation. Creditors have been reluctant to accept large losses as part of the rehabilitation process. … The rehab plan aims to bring the airline back to stable profitability by 2025.

What is happening with Thai Airways refunds?

If you are holding a Thai Airways fully unused ticket or you have applied for a refund, you can request a travel voucher of which the value is equivalent to the value of the current ticket. THAI will send you the THAI Travel Voucher of which the validity date is until December 2022.

Are Thai Airways still flying?

Thai Airways International Public Company Limited (THAI) continues to operate regularly scheduled flights to and from Bangkok-Hong Kong and recommends that passengers arrive at the airport earlier than usual.

Who owns Thai Airways?

Can I cancel my Thai Airways ticket?

In case of cancellations/amendments/refunds, please send your request to roh.customerservices@thaiairways.com, as these cannot be carried out online. It is unlikely that we will change or cancel your booking once it is confirmed. If we do make changes then we will inform you as soon as we reasonably can.

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How do I get a refund from Thai Airways?

If you have booked directly with us and your flights have been cancelled by THAI, you can request a refund in the form of a travel voucher for the value of your current totally unused ticket.

What has happened to Thai Airways?

Thai Airways losing money for years

While widely regarded as a nice airline to fly on, Thai Airways has been bleeding cash for years. … In late May 2020, Thai Airways filed for bankruptcy protection in Bangkok’s Central Bankruptcy Court. By July 2020, the airline had defaulted on around US$3 billion in debt.