Published on September 9, 2025
Thai Airways International (THAI) has seen an bonzer surge successful its banal price, expanding by much than 4 100 percent aft nan resumption of trading connected nan Stock Exchange of Thailand. This awesome rise, fueled by beardown second-quarter profits and a successful business rehabilitation plan, highlights nan airline’s recovery. The surge is further supported by THAI’s expanding marketplace presence, peculiarly successful cardinal regions for illustration India and China, wherever increasing request has contributed to nan airline’s wide performance. This singular turnaround positions THAI for sustained maturation arsenic it capitalizes connected its strengthened financial outlook and broader web description .
Thai Airways International (THAI) has knowledgeable a singular surge successful its banal value, skyrocketing by complete 400% since it resumed trading connected nan Stock Exchange of Thailand connected August 4. This melodramatic summation has captured nan attraction of investors, eager to capitalize connected nan airline’s turnaround pursuing a play of financial struggles.
The surge successful THAI’s stock value came aft nan airline’s second-quarter financial results exceeded marketplace expectations, reporting a 465% year-on-year summation successful normalised profits. Several factors contributed to this affirmative outcome, including a important simplification successful substance costs, little liking expenses, and nan wide alteration successful indebtedness pursuing nan airline’s business rehabilitation efforts. These factors helped to reverse nan company’s fortunes, offering a agleam outlook for its early prospects.
Analysts, however, are projecting that nan hose whitethorn spot a slowdown successful its net during nan second half of 2025. Despite this, THAI’s nett profit forecasts for some this twelvemonth and 2026 person been revised upwards owed to expanding recreation request and a increasing way network. This forecast, peculiarly for 2025, signals a displacement successful investor confidence, particularly arsenic nan hose has managed to pat into emerging recreation trends and grow its world reach.
The summation successful formation request and higher capacity utilisation are seen arsenic particularly beneficial during nan typically slower recreation season. THAI’s disposable spot kilometres roseate by 15% year-on-year, driven by much predominant flights and improved craft utilisation. In particular, nan hose made a important return to European markets, reintroducing respective routes, including services to Oslo, Milan, and Brussels. At nan aforesaid time, THAI ramped up location routes crossed Asia, boosting its beingness successful cardinal markets for illustration China and India.
The hose is besides making strategical moves to grow its fleet, which is expected to turn from 78 craft successful nan first 4th of 2025 to 93 by adjacent year. This marks a sizeable increase, though nan airline’s fleet size is still smaller compared to its pre-rehabilitation level of 103 aircraft. The maturation comes arsenic portion of THAI’s exit from its court-supervised rehabilitation program, which was concluded connected June 16. The institution entered nan rehabilitation process successful May 2020, burdened pinch debts of 400 cardinal baht, and its successful exit represents a important milestone successful nan airline’s recovery.
As THAI plans for fleet description , nan hose intends to adhd 3 much craft by nan extremity of 2025. The company’s maturation strategy focuses heavy connected expanding its routes to China and India, 2 captious markets successful nan airline’s world description efforts. By 2026, THAI expects to person 15 much A321neo aircraft, which will further fortify its location and world routes.
In bid to reside capacity gaps earlier nan presence of its caller aircraft, THAI is besides readying to lease 8 to 10 wide-body craft for a six-year period. This leasing strategy will thief nan hose span nan spread successful capacity until its new, imperishable fleet additions arrive. The leased craft will beryllium utilized to grow nan airline’s existing routes, pinch a peculiar attraction connected expanding formation frequencies connected celebrated routes, including Guangzhou and Beijing.
THAI is besides targeting caller routes, including destinations for illustration Xiamen, Chongqing, Changsha, Wuhan, and Shenzhen. Expanding its beingness successful China is simply a cardinal portion of THAI’s maturation strategy, arsenic nan hose seeks to capitalise connected some Chinese passengers and an expanding number of European and Australian travellers transiting done Bangkok. Currently, nan load facet connected THAI’s Chinese routes is astir 70% during nan debased play and 80% during nan precocious season, reflecting beardown request contempt nan challenges of seasonal fluctuations.
In summation to its world description , THAI is readying caller home services and caller routes to India, peculiarly to Gaya, further strengthening its location presence. However, THAI’s description plans are not without challenges. According to Chai, nan hose whitethorn look delays successful its formation and way description efforts owed to difficulties successful acquiring nan basal wide-body craft for its expanded European routes. While nan leasing of wide-body craft provides an contiguous solution, THAI will still trust connected these impermanent measures until its caller craft are delivered successful 2027.
Chai besides admitted that nan hose could look a “significant spot shortage” complete nan adjacent 2 years if further wide-body craft are not leased by mid-2026. This shortage could halt nan motorboat of caller routes and trim nan wave of existing services. Despite this challenge, THAI remains focused connected its semipermanent maturation strategy and will proceed to prosecute opportunities for further fleet description and way improvement successful nan coming years.
Despite nan affirmative outlook, immoderate concerns remain. Chai warned that delays successful craft deliveries, peculiarly for nan B787-9 model, could impact THAI’s expertise to meet its early maturation objectives. Additionally, constricted cost-cutting opportunities could power investor sentiment and effect nan airline’s banal price. Nonetheless, THAI remains optimistic astir nan prospects of sustained growth, peculiarly successful ray of expanding recreation request and nan airline’s expanding world presence.
Thai Airways International (THAI) has seen its banal value soar by complete 4 100 percent pursuing nan resumption of trading, driven by awesome profits and a successful business rehabilitation. The airline’s expanding beingness successful cardinal markets for illustration India and China has further fueled investor confidence, positioning THAI for continued growth.
The airline’s successful rehabilitation, mixed pinch its strategical fleet and way description s, positions THAI for a promising future, though challenges remain. With its oculus connected emerging markets and its committedness to growth, Thai Airways is poised to proceed its betterment and lend to nan revitalisation of Thailand’s tourism and aviation industries.