Bangkok--20 Apr--Thai Airways International
Thai Airways International Public Company Limited announces resolutions of the Board of Directors meeting chaired by Mr. Ampon Kittiampon and held today at the Head Office.
1. Operating Results for March 2010
THAI’s Board of Directors acknowledged that THAI’s production or available seat per kilometer (ASK) for March 2010 is 10.3% higher than that of the same period in 2009 and 9.6% higher than February 2010. The Company’s revenue passenger per kilometer (RPK) was 13.3% higher than the same period last year and 5.1% higher than February 2010. The average cabin factor for March 2010 was 78.93%, which was 2.1% higher than the same period last year. During the first quarter (January — March 2010), the available seat per kilometer (ASK) is 11% higher than the same period of last year, the revenue passenger per kilometer (RPK) is 17.8% higher than the same period last year and 6.67% higher than the fourth quarter of 2009. The average cabin factor during first quarter 2010 was 81%, which is 4.6% higher than the same period last year and 5.6% higher than the fourth quarter 2009.
During the first quarter of 2010, THAI achieved an overall satisfactory operating result, particularly on European routes. However, THAI did see a reduction in passenger number on international routes inbound to Thailand during the month of April 2010 as a result of the political rallies in the Ratchaprasong area. However, for Southern routes in Thailand passenger figures remained high.
As for the effect from the volcanic eruption in Iceland, THAI has had to cancel 36 outbound and 34 inbound flights between Thailand and Europe. It is estimated that there are 6,000 stranded passengers per day with an expected the net loss of approximately 100 million Baht per day. Upon being able to resume flight operations, THAI may recoup some of the revenue lost.
2. Regarding the Company’s Good Corporate Governance and Code of Ethics
The Board of Directors approved the Company’s Good Corporate Governance and Code of Ethics, as revised by THAI’s Good Corporate Governance committee. The revision was made per the resolution of the Executive Management and Business Unit.
3. THAI Annual General Shareholders Meeting 2010
THAI’s Board of Directors approved for the Company to hold its Annual General Shareholders’ Meeting on Wednesday, 28 April 2010, at 13.30 hrs, at the Makawan Rangsan Room, Royal Army Club, Vibhavadi Rangsit Road. The closing of the Shareholders’ Registration book was Monday, 5 April 2010.
4. Management Appointments and Transfer
THAI’s Board of Directors approved to transfer as follows:
4.1 Mr. Smith Pirunsarn, THAI’s Managing Director, Catering Department appointed Vice President and Special Advisor, Office of the President.
4.2 Mr. Teerapol Chotichanapibal, THAI’s Vice President, Commercial Development & Support Department appointed THAI’s Managing Director, Catering Department
4.3Mrs. Bhinkham Rohitasthira, THAI’s Vice President, In-Flight Services Department appointed THAI’s Vice President, Commercial Development & Support Department
4.4 Mr. Sathok Varasarin, THAI’s Vice President, Office of the President appointed THAI’s Vice President, In-Flight Services Department
4.5 Mr. Apichart Danaivan, THAI’s Vice President, Risk Management Department appointed THAI’s Vice President, Personnel Development and Training Department
4.6 Ms. Monticha Kruasuwan, THAI’s Vice President, Personnel Development and Training Department appointed THAI’s Vice President, Risk Management Department.
Effective as of 1 May 2010 onward.
International Public Relations Department
Thai Airways International Public Company Limited
Tel : (662) 545-2662 / 2663 / 1711 / 4686 / 1705 / 2720
Fax : (662) 545-3891