Bangkok--20 Dec--Thai Airways
Thai Airways International Public Company Limited (THAI) held its Board of Directors Meeting, which was chaired by Mr. Ampon Kittiampon, THAI’s Chairman of the Board of Directors, with the following results.
1. Operating Results for November 2011
THAI’s Board of Directors acknowledged operating results for November 2011 as follows: Cabin factor for November 2011 averaged 61 percent which was exceptionally weak especially for the peak season. The decrease in passenger number is attributed to the flooding, whereby a number of countries issued travel advisories to Thailand. Insurance companies refusing to issue travel insurance during the flood further deterred arrivals with many foreigners canceling or postponing their travel plans. Cargo and commercial mail service was also affected in November as a result of the flood. The Company reduced flight frequencies to better reflect passenger demand, causing Available Seat-Kilometer (ASK) for November 2011 to drop 2.1 percent from the same month last year. Revenue Passenger-Kilometer (RPK) for November 2011 was 16.8 percent lower than the same month last year.
For the period from January to November 2011, the Company’s Available Seat-Kilometer (ASK) was 4.2 percent higher than the same period last year. Revenue Passenger-Kilometer (RPK) was 0.1 percent higher than the same period last year. Cabin factor averaged 70.6 percent, which was 3.9 percent lower than the same period last year.
Available Dead Load Ton-Kilometers (ADTK) for November 2011 was 12.1 percent lower than the same month the previous year. Revenue Freight Ton-Kilometers (RFTK) for November 2011 was 20.2 percent lower than the same month last year. Freight Load Factor for November 2011 averaged 55.2 percent, which was 9.2 percent lower than the same month last year.
For the period from January to November 2011, the Available Dead Load Ton-Kilometers (ADTK) was 5.3 percent higher than the same period last year. Revenue Freight Ton-Kilometers (RFTK) was 3.9 percent lower than the same period last year. Freight Load Factor averaged 56.4 percent, which was 8.8 percent lower than the same period last year.
2. Issuance of Debentures that are either Specific and/or Limited Sale to No More than 10 Entities
THAI Board approved for the Company to secure long-term funding by issuing approximately 2 billion baht 5-year debentures that will be either specific and/or limited sale to no more than 10 entities. The funds will be used in the Company’s operations, for asset investments, loan repayment, whereby Kasikorn Bank Public Company Limited has been appointed as advisor and lead underwriter.