Reference

Β·

Primary source

Thai Airways β€” active fleet size post-rehabilitation

~40–50 aircraft (narrow and wide-body)

As ofFY2024Β·Sources2Β·Primary

Thai Airways (SET: THAI) filed for bankruptcy rehabilitation in May 2020 after decades of structural losses. Under the court-supervised rehabilitation plan approved in 2021, the carrier has progressively reduced and modernised its fleet, exiting unprofitable wide-body types and renegotiating leases. By 2024 the active fleet is estimated at 40–50 aircraft β€” down from over 100 pre-COVID β€” comprising a mix of Boeing 777s, 787 Dreamliners, and A350s for long-haul routes. The rehabilitation plan targets a return to profitability on a slimmed-down network focused on long-haul premium routes where full-service positioning justifies higher yields. THAI is expected to exit court supervision and re-list as a going concern once the plan milestones are met, which management has targeted for 2025–2026.

Figure in context

Thai Airways (SET: THAI) filed for bankruptcy rehabilitation in May 2020 after decades of structural losses. Under the court-supervised rehabilitation plan approved in 2021, the carrier has progressively reduced and modernised its fleet, exiting unprofitable wide-body types and renegotiating leases. By 2024 the active fleet is estimated at 40–50 aircraft β€” down from over 100 pre-COVID β€” comprising a mix of Boeing 777s, 787 Dreamliners, and A350s for long-haul routes. The rehabilitation plan targets a return to profitability on a slimmed-down network focused on long-haul premium routes where full-service positioning justifies higher yields. THAI is expected to exit court supervision and re-list as a going concern once the plan milestones are met, which management has targeted for 2025–2026.

Thai Airways (SET: THAI) filed for bankruptcy rehabilitation in May 2020 after decades of structural losses. Under the court-supervised rehabilitation plan approved in 2021, the carrier has progressively reduced and modernised its fleet, exiting unprofitable wide-body types and renegotiating leases. By 2024 the active fleet is estimated at 40–50 aircraft β€” down from over 100 pre-COVID β€” comprising a mix of Boeing 777s, 787 Dreamliners, and A350s for long-haul routes. The rehabilitation plan targets a return to profitability on a slimmed-down network focused on long-haul premium routes where full-service positioning justifies higher yields. THAI is expected to exit court supervision and re-list as a going concern once the plan milestones are met, which management has targeted for 2025–2026.

Time scope

FY2024

Source basis

Primary source

Interpretation notes

What this tells you

Thai Airways (SET: THAI) filed for bankruptcy rehabilitation in May 2020 after decades of structural losses. Under the court-supervised rehabilitation plan approved in 2021, the carrier has progressively reduced and modernised its fleet, exiting unprofitable wide-body types and renegotiating leases. By 2024 the active fleet is estimated at 40–50 aircraft β€” down from over 100 pre-COVID β€” comprising a mix of Boeing 777s, 787 Dreamliners, and A350s for long-haul routes. The rehabilitation plan targets a return to profitability on a slimmed-down network focused on long-haul premium routes where full-service positioning justifies higher yields. THAI is expected to exit court supervision and re-list as a going concern once the plan milestones are met, which management has targeted for 2025–2026.

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Thai Airways β€” active fleet size post-rehabilitation Β· Insight