Bangkok--16 Mar--Thai Airways
Thai Airways International Public Company Limited (THAI) held its Board of Directors Meeting, chaired by Mr. Ampon Kittiampon, THAI’s Chairman of the Board of Directors, with the following announcement.
1. Operating Results for February 2012
The THAI Board of Directors acknowledged operating results as follows: The operating result for February was higher than in January 2012 and higher than the same month last year. There were 1.65 million of passengers, which was 5.2 % higher than in February 2011. Revenue Passenger-Kilometers (RPK) for February 2012 was 5.5% higher than the same month last year. Available Seat-Kilometers (ASK) for February 2012 was 3.6% higher than the same month last year. Cabin Factor averaged at 79.0%, which is higher than the same month last year at 77.6%, with European routes increasing to 88.2% from 82.9%, Australia and New Zealand routes increasing to 72.6% from 66.8%, and domestic routes increasing to 82.9% from 77.2%.
For Cargo and Commercial Mail, Available Dead Load Ton-Kilometers (ADTK) for February 2012 was 4.2% higher than the same month last year. Revenue Freight Ton-Kilometers (RFTK) for February 2012 was 0.6% higher than the same month last year.
Freight Load Factor averaged at 54.7% which was 3.5% lower than the same month last year due to European debt crisis and returning one of the cargo planes in August 2011. However, compared to January 2012, Freight Load Factor for February was 10.1% higher.
2. THAI to issue and offer debentures
The THAI Board of Directors approved a plan to issue debentures on a private placement basis in the amount of 1,500 million THB with a 12-year duration. The issuance is to support liquidity used for investment or refinance of previous debt with higher cost. CIMB Thai Bank Public Company Limited is mandated as consultant and underwriter of debentures with the longest duration in THAI’s history.