THAI shares dip amid CEO suspension rumors and service crisis

Thansettakij•Economy•7d ago

Reader Briefing

The THAI board held a special meeting on October 2, 2026, to address labor shortages affecting baggage and passenger services.

•The THAI board met on October 2, 2026, to discuss solutions and prevention measures for service disruptions.
•Lavaron Sangsnit denied that the meeting's agenda included removing Chai Iamsiri from the CEO position.
•Labor shortages led to baggage delays and required the reduction of flights on October 1 and 2, 2026.
•The recruitment process for a new CEO has closed with 8 applicants.

•The THAI board convened a special meeting on October 2, 2026, to monitor the situation and discuss solutions for service problems.
•Lavaron Sangsnit, Permanent Secretary of the Ministry of Finance and Chairman of the THAI board, confirmed there was no agenda to remove Chai Iamsiri as CEO.
•Rumors circulated regarding a possible suspension of Chai Iamsiri and the appointment of company director Samrit Samniang as acting CEO.
•On October 2, 2026, 196 out of 230 flights were operational, with departing flights 81% on time and arriving flights 90% on time.
•Approximately 2,200 bags from September 27–28 and 7,000 transit bags remain pending transport.
•THAI reduced flights by 15 on October 1 and 9 on October 2, 2026, to align with operational capacity.
•THAI plans to return to full flight service on October 3, 2026.
•The employment contract of Chai Iamsiri will end on January 31, 2027.

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THAI

An airline company facing service crises due to labor shortages.

Ministry of Finance(กระทรวงการคลัง)ℹ️

The government ministry where Lavaron Sangsnit serves as Permanent Secretary.

Lavaron Sangsnit(ลวรณ แสงสนิท)

Permanent Secretary of the Ministry of Finance and Chairman of the THAI board.

Chai Iamsiri(ชาย เอี่ยมศิริ)

The Chief Executive Officer of THAI whose contract ends January 31, 2027.

Samrit Samniang(สัมฤทธิ์ สำเนียง)

A company director rumored to be appointed as acting CEO.