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THAI Reports 418 Million Loss in Q3 2026 Amid Rising Fuel Costs

THAI Reports 418 Million Loss in Q3 2026 Amid Rising Fuel Costs

Post Today•Economy•22m ago

Reader Briefing

Thai Airways International reported a net loss of 418 million baht for the third quarter of 2026 due to surging fuel costs and one-time expenses.

  • •Thai Airways International experienced a net loss of 418 million baht in Q3 2026, compared to a net profit of 4,421 million baht in the same period last year.
  • •Total expenses for the nine-month period ending September 30, 2026, rose by 29.1% to 46,286 million baht.
  • •Average aircraft fuel prices increased by 59.8% due to unrest in the Middle East.
  • •Passenger numbers increased by 2.1% to 3.97 million people in Q3 2026.

Overview

  • •Thai Airways International reported total revenue of 50,128 million baht for the nine-month period ending September 30, 2026, an increase of 12.9% from the previous year.
  • •The profitability of Thai Airways International was directly impacted by aircraft fuel prices, which rose by 59.8% due to unrest in the Middle East.
  • •Thai Airways International incurred a net loss of 418 million baht in Q3 2026, with the loss attributable to the parent company totaling 432 million baht.
  • •One-time expenses of 1,126 million baht were recorded by Thai Airways International, caused by floods, foreign exchange losses, and derivative valuation losses.
  • •In Q3 2026, Thai Airways International operated 91 aircraft across 62 destinations in 28 countries, with a cabin load factor of 76.5%.
  • •Cargo revenue per unit for Thai Airways International increased by 28% to 10.74 baht, despite a decrease in cargo volume.
  • •As of September 30, 2026, Thai Airways International held total assets of 355,165 million baht and total liabilities of 272,590 million baht.

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Key Entities

Organization

Thai Airways International(บริษัท การบินไทย จำกัด (มหาชน))ℹ️
A public limited company providing aviation services that reported a net loss in Q3 2026.

Place

Middle East(ตะวันออกกลาง)ℹ️
A region where unrest led to an increase in average aircraft fuel prices.