thai airways international pcl

1 Investor Relations Department

THAI AIRWAYS INTERNATIONAL PCL

Q1’2015


DISCLAIMER

The information contained herein is intended to represent the Company’s operating and

financial position at a given point in time and may also contain forward looking information

which only reflects expectations based on the prevailing geo-political, economic and

non-controllable factors. Such information has been obtained from sources believed to be

most reliable and the means in analyzing and preparation of such information for disclosure

are based on approved practices and principles in the investment industry. The views are

based on assumptions subject to various risks and uncertainties and no assurance is made

as to whether such future events will occur, that projections will be achieved, or that the

assumptions here-in are correct. Consequently no assurance is made as to the accuracy or

completeness of information presented in this document.

This document should not be construed as an investment guide or as an offer or

solicitation of an offer to buy or sell equity shares or other securities issued by the Company.


Unit

2013

2014

% Change

YoY

Passenger Production MASK 85,655 82,969 -3.1%

Passenger Traffic MRPK 63,479 57,194 -9.9%

Cabin Factor % 74.1 68.9 -5.2

Passenger carried Million 21.51 19.10 -11.2%

Passenger Yield (Inc. Surcharge)

THB/km 2.65 2.66 +0.4%

Freight Production MADTK 5,019 4,869 -3.0%

Freight Traffic MRFTK 2,565 2,458 -4.2%

Freight Factor % 51.1 50.5 -0.6

Freight carried Tons 655,570 613,915 -6.4%

Freight Yield (Inc. Surcharge)

THB/km 9.18 9.22 +0.4%

Operations Summary

Q1’2015 Y’2014

2014

2015

% Change

YoY

20,934 21,869 +4.5%

14,677 16,489 +12.3%

70.1 75.4 +5.3

4.81 5.62 +17.0%

2.75 2.60 -5.6%

948 988 +4.3%

629 596 -5.4%

66.4 60.3 -6.1

158,155 151,768 -4.0%

9.25 7.81 -15.6%


Financial Performance


Performance Summary (Q1’2014 & Q1’2015)

THAI and its subsidiaries


(Units : MTHB) Q1'2014 Q1'2015 %Change

Total Revenues* 49,981 51,649 +3.3

Less Total Expenses** 51,845 45,825 -11.6

Finance cost 1,423 1,409 -1.0

Profit (Loss) before foreign currency exchange,

income tax, and impairment (3,287) 4,415 +234.3

Less Impairment loss of asset and aircraft 84 11,804 -

Add Gain (loss) on foreign currency exchange 990 9,654 +875.2

Profit (Loss) before tax (2,381) 2,265 +195.1

Profit (Loss) attributable to owners of the parent (2,634) 4,541 +272.4

*Exclude foreign currency exchange

**Exclude finance cost, impairment


Operating / Total Revenue (Q1’2014 & Q1’2015)

41,035 43,523

5,8244,752

152

199

2,4752,788

0

20,000

40,000

60,000

Q1'2014 Q1'2015

Passenger Freight Mail Other activities

Operating Revenue Total Revenue

* Exclude Interest income, Gain on FX, Gain on deemed

disposal, Gain on disposal of the controlling interest and

Other income

- Operating revenue Q1’2014 = 49,533 MTHB

- Operating revenue Q1’2015 = 51,216 MTHB

Total revenue Q1’2014 = 50,972 MTHB

Total revenue Q1’2015 = 61,303 MTHB

Units : MTHB


% % of

Revenue Change Total Revenue

Passenger +6.06 71.00

Freight -18.4 7.75

Mail -23.39 0.25

Other activities +12.67 4.55

Interest income +14.66 0.13

Profit(loss) on FX +875.16 15.75

Other income -6.91 0.57

Total Revenue +20.27 100.0


2,116

2,449

7,675 7,502

20,74214,480

5,622

5,333

2,234

2,170

1,382

1,470

3,361

3,352

5,106

5,092

2,040

1,418

0

20,000

40,000

60,000

Q1'2014 Q1'2015

Personnel Fuel and Oil Flight Service Expense

Inventory&Supply Crew Expense Aircraft Maintenance

Depreciation Lease of a/c Other operating expenses

Total Expense Operating Expense

Operating / Total Expense (Q1’2014 & Q1’2015)

* Excludes Impairment losses of assets and aircraft,

Finance costs, Share of profits of associates and Other

expenses

- Operating expense Q1’2014 = 49,682 MTHB

- Operating expense Q1’2015 = 43,864 MTHB

Total expense Q1’2014 = 53,353 MTHB

Total expense Q1’2015 = 59,038 MTHB

Units : MTHB


% Change % of

Expense YoY Tot. Exp.

Personnel expense -2.26 12.7

Fuel and oil -30.19 24.5

Flight service expense -5.13 9.0

Inventories and supplies +2.92 3.8

Crew expense -6.02 2.3

Maintenance/overhual -0.29 5.7

Depreciation/amortisation -0.26 8.6

Aircraft lease/spare parts +43.83 3.5

Other expense** +204.51 29.9

Total Expense +10.66 100.0

** Include Selling & advertising expenses ,Insurance

expense, Impairment loss of assets and aircraft, Other

expenses, Financial cost, Share of (profit) loss of

associates


EBIT, EBITDA and Net Profit (Q1’2014 & Q1’2015)

Units : MTHB


(1,864)

3,241

(2,634)(3,624)

5,825

10,917

4,541

(5,113)

(10,000)

(5,000)

0

5,000

10,000

15,000

Q1' 2014 Q1' 2015

(Exclude FX)

EBIT EBITDA NET PROFIT *NET PROFIT


Ratios – Q1’2014 & Q1’2015

Ratios units Q1’2014 Q1’2015

Earnings Per Share (THB) (1.21) 2.08

Book Value per Share (THB) 24.83 21.00

Price / Book Value (Times) 0.56 0.51

EBIT (MTHB) (1,864) 5,825

EBITDA (MTHB) 3,241 10,917

IBD to Equity (Times) 3.4 3.9

Debt Service Coverage* (Times) 0.6 4.6

Interest Coverage (Times) 2.3 7.7

Operating Profit Margin (%) (4.5) 10.6

Net Profit Margin (%) (5.2) 8.8


*EBITDAR – TAX / Interest + Rent + Long Term Debt Repayment - Refinance - Prepayment


Internet Sales

Ticket Sales Via Internet % of Sales

0

2

4

6

8

10

12

14

16

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Year 2010 Year 2015 Year 2011 Year 2012 Year 2013 Year 2014


Check-in via Mobile (http://m.thaiairways.com)

# of PAX

Check-in via Internet

e-Services

0

2

4

6

8

10

12


%

Year 2010

Year 2009

Year 2011

Year 2012

Year 2013

Year 2014

0

5000

10000

15000

20000

25000


Year 2014

Year 2013

Year 2012

Year 2011

Year 2015 Year 2015


Monthly fuel hedging 2010-2015 - % of consumption by month

Fuel Management

Hedging combined with fuel surcharge greatly mitigates fuel price fluctuation risk

44

%4

4%

44

%

47

%

47

%

47

%6

9%

69

%

69

%6

9%

69

%

69

%5

1%

51

%

51

%5

0%

50

% 56

%

80

%8

0%

80

%8

0%

80

%

80

%

73

%7

6%

79

%

84

%

84

%8

4%

93

%9

3%

93

%8

5%

85

%8

5%

62

%7

1%

67

%6

1% 68

%6

8%

87

%

87

%

76

%

74

%7

4%

65

%6

4%

78

%7

0%

69

% 80

%

72

%4

6%

51

%

55

%

59

%5

9%

55

% 66

%6

6%

66

% 75

%

75

%

75

%8

0%

80

%8

0%

80

%

80

%

80

%

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Update @ Feb25, 2014

Year 2015 Year 2014 Year 2013 Year 2011 Year 2012 Year 2010


Foreign Currency Exposure

USD 46%

EUR 11%

JPY8%

THB35%

Revenue Expense

Outstanding long term loan (After Swap)

USD 62%

EUR 5%

JPY3%

THB30%

Currency Break down

(As of Mar 2015)

USD1%

EUR 52%

JPY9%

THB38%

Percentage of TOTAL

(TOTAL = 160,341.45 MTHB)

USD1%

EUR 47%

JPY8%

THB35%

RCL(THB)9%

Percentage of TOTAL

(TOTAL = 177,341.45 MTHB)

Outstanding St + Lt loan (After Swap)


Proportion of Fixed and Float

(As of Mar 2015)

Debt Structure

Fixed40%

Float60%

Percentage of TOTAL

(TOTAL = 160,678.60 MTHB)

Fixed 49% Float 51%

Percentage of TOTAL

(TOTAL = 160,341.45 MTHB)

Before Swap After Swap


Looking ahead


Actual

61.5

56.2

49.7

54.754.456.4

55.854.1

52.250.4

55.356.7

55.651.6

47.2

51.154.7

52.852.150.1

47.5

46.1

52.552.6

56.5

50.6

47.3

50.5

58.0

51.555.4 54.3

50.7

39.4

50.2 50.3

54.1

47.1

54.5

65.3

61.8 59.857.5

30.0

40.0

50.0

60.0

70.0

Estimated (As of

10.05.15)

Looking Ahead

Freight Factor (%)

Cabin Factor (%)

Actual

Booking (As of

10.05.15)

Estimated (As of

10.05.15)

73.670.4

77.379.0

78.478.3

71.575.5

79.778.7

71.773.576.7

78.378.8

80.480.3

75.8

66.4

69.275.3

78.0

72.371.5

71.1

70.4

71.5

70.0

68.7

71.159.8

59.2

70.2

75.3

67.668.3

70.1

74.8

74.276.276.9

75.970.2

47.9

30.0

40.0

50.0

60.0

70.0

80.0

90.0


Company Facts


Current Fleet

Current Fleet: 93 Aircrafts 30.11% of O 36.56% of FL 33.33% of OL

O=Owned FL=Financial lease OL=Operating lease

(Note: Approximately)

Average age of aircraft = 7.6 years

Note: 1.Included 26 decommissioned aircraft owned by THAI and held for sales

2. Included 6 decommissioned aircraft under finance lease by THAI and held for sales

3. Includes 2 Boeing B737-400 aircraft held for returning to lessor

4. Included 10 aircraft transferred the leasehold rights to THAI Smile Airways Co.,Ltd.

5. Included 3 Airbus A320-200 aircraft under finance lease subleased to THAI Smile Airways Co.,Ltd.

Aircraft

As of March 31, 2015

B747-400 10 2 - 12

B777-300 6 - - 6

B777-200ER - 6 - 6

B777-200 6 - 2 8

B737-400 6 - 2 2

B777-300ER - 4 8 12

B787-8 - - 4 4

A340-600 - 6 -

A340-500 4 - -

A330-300 9 15 2 19

A320-200 - 3 15 18

A380-800 2 4 - 6

A300-600 7 - -

ATR 72 2 - -

Freighter

B747-400 2 - -

Total 54 40 33 93

Aircraft Type Own Finance Lease Operating Lease

1) 2) 3)

5) 4)


Aircraft Delivery Plan

NEW A/C DELIVERY 2014 2015 2016 2017 2018 TOTAL

A350-900 2 (OL)

(JUN/JUL)

5 (3OL/2FL)

(FEB/MAY(2) /

JUN/AUG)

5 (3OL/2FL)

(JAN/FEB(2) /

MAR/MAY)

12

A320 (Thai Smile)

7 (5OL/2FL)

(JAN/FEB/MAY

/ JUN/SEP/ NOV (2) )

3 (FL)

(JAN/

OCT/NOV )

10

B777-300ER 3 (FL)

(JAN/JUL/

AUG)

3 (FL)

(JAN/JUN/

SEP)

6

B787-8 4 (OL)

(JUL/SEP/OCT/

NOV)

2 (OL)

(APR/JUN) 6

B787-9 2 (OL)

(SEP/OCT) 2

TOTAL 14 8 2 7 5 36

Note : O = Own / FL = Financial lease / OL = Operating lease Update 9 Apr 15


Phase Out Plan

PHASE-OUT PLAN 2014 2015 2016 2017 2018 TOTAL

A300-600 5 - - - - 5

A330-300 4 4

-

2 - 10

A340-600 6 6

B747-400 - 2 - 2 2 6

B777-300ER

(Jet Airways) - - - - - -

B777-200 - - 2 3 3 8

B737-400 3 - - 2 - 5

ATR - - - - - -

B747-Freighter 2 2

TOTAL 12 14 2 9 5 42

Update 9 Apr 15 * Pending final approval


THAI’s Route Network

World Route Network

International

Routes

26 OCT 2014

To 28 MAR 2015

(Based on TPI

Winter 2014/15 Issue 2 )

27 OCT 2013

To

29 MAR 2014

(Based on TPI Winter 2013/14

Issue 1 Updated SSM)

Countries 34 34

Destinations 66 68

Flight Frequency / Week 633 655

Seats / Week 405,548 421,721


CHIANG RAI

KHON KAEN

PHUKET

CHIANG MAI

SAMUI

BANGKOK

Domestic Route Network

Domestic Routes

26 OCT 2014

To 28 MAR 2015

(Based on TPI

Winter 2014/15 Issue 2 )

27 OCT 2013

To

29 MAR 2014

(Based on TPI Winter 2013/14

Issue 1 Updated SSM

Destinations

7 10

Flight Frequency / Week

168 341

Seats / Week 99,818 161,714

THAI’s Route Network

KRABI


Adjust flight schedules

Note: -Based on TPI Summer 2015 Issue 2 (29MAR15– 24OCT15 ) Compare with TPI Winter 2014/15 As of 23APR15

-Subject to current market condition

Seasonal Frequency Decrease

•Bangkok-Hyderabad-Bangkok 6 5 flights / week(as from01Jan15)

•Bangkok-Luang Prabang-Bangkok 4 3 flights / week(as from 29Mar15)

•Bangkok-Frankfurt-Bangkok 13 7 flights / week(as from 01May15)

•Bangkok-Chiang Mai-Bangkok 49 35 flights / week

(TG122/123 transfer to WE as from 05May15 onwards.)

•Bangkok-Phuket-Bangkok 63 49 flights / week

(TG215/216 transfer to WE as from 05May15 onwards.)

•Bangkok-Yangon-Bangkok 21 14 flights / week

(TG301/302 transfer to WE as from 16Jun15 onwards.)

•Bangkok-Kuala Lumpur-Bangkok 18 14 flights / week

(TG419/420 transfer to WE as from 01Jul15 onwards.)

•Bangkok-London-Bangkok 14 7 flights / week(as from 01Jul15)

Seasonal Frequency Increase

•Bangkok-Milan-Bangkok 3 4 flights / week(01May15)

•Bangkok-Perth-Bangkok 5 7 flights / week

•Bangkok-Changsha-Bangkok 4 7 flights / week

•Bangkok-Denpasar-Bangkok 5 7flights / week

•Bangkok-Colombo-Bangkok 4 5 flights / week

•Bangkok-Krabi-Bangkok 14 21 flights / week

Suspended Flights

• Bangkok-Johannesburg-Bangkok (15Jan15)

• Bangkok-Moscow-Bangkok (29Mar15)

• Phuket-Seoul (29Mar15)

• Bangkok-Madrid-Bangkok (06Sep15)

Route Transfer Flights to WE

• Bangkok-Chiang Rai-Bangkok (29Mar15)

• Bangkok-Mandalay-Bangkok (30Jul15)

• Bangkok-Hat Yai-Bangkok (05May15)

• Bangkok-Khon Kaen-Bangkok (05May15)

Temprorarily Suspended Flights

• Bangkok-Mandalay-Bangkok (06May15-29JUL15)


THAI Smile based at Suvarnabhumi / Don Mueang

Airport Operates in domestic and regional secondary

routes and synchronizes with TG’s network.

*Note: Based on Thai Smile TPI Winter 2014/15 Issue 2 (01-31 March 2015)

FREQUENCY*

DESTINATION

7 Flights / week Bangkok - Macau V.V.

28 Flights / week Bangkok – Hat Yai V.V.

28 Flights / week Bangkok - Udon Thani V.V.

21 Flights / week Bangkok - Ubon Ratchathani V.V.

14 Flights / week Bangkok - Surat Thani V.V.

14 Flights / week Bangkok - Krabi V.V.

28 Flights / week Bangkok – Chiang Rai V.V.

21 Flights / week Don Mueang – Khon Kaen V.V.

28 Flights / week Don Mueang – Chiang Mai V.V.

21 Flights / week Don Mueang – Phuket V.V.

7 Flights / week Chiang Mai - Phuket V.V.

# of aircraft

Fleet Plan (2012-2015)

4

12

Year 2012

Year 2013

Year 2014

Year 2015 20

10

Currently 13 aircrafts Airbus 320-200 (As at 22 April 2015)

THAI Smile Fleet Plan & Route Network

International &

Domestic Routes

01 MAR 2015

To

31 MAR 2015 (Based on Thai Smile TPI

Winter2014/15 Issue 2 Updated SSM)

01 DEC 2014

To

31 DEC 2014 (Based on TPI

Winter2014/15 Issue 2 Updated SSM)

Countries 1 1

Destinations 10 10

Flight Frequency / Week 217 217

Seats/Week 70,392 70,308


Nok Air based at Don Mueang Airport

Currently operates point-to-point service

Nok Air Route Network

TG’s Proportion of Shareholding:

39.2%

International &

Domestic Routes

Q1/2015 Year 2014

(Jan-Dec)

Destinations 25 25

Freq./Week

686

686

18 of Boeing 737-800

2 of ATR 72-500

24 Aircraft (As of 31 Mar 2015)

Have 4 of 12 Board seats

4 of Bombardier Q 400


Operating Statistics


5.16 4.86 5.10 5.50 5.69 5.11 5.41 5.31 4.81 4.23

4.73 5.33 5.62

2.00

4.00

6.00

Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15

Passengers Carried*

(Million)

Freight Carried

170,625 165,110 166,187 177,173

165,759 159,175 154,446

176,261

158,155 159,104

139,260

159,369 151,768

100,000

130,000

160,000

190,000

Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15

(Tons)


Year 2012

Q1’2015 = 5.62 million (increased 17%YoY)

Q1’2015 = 151,768 tons (decreased 4% YoY)

Year 2013 Year 2014

Year 2012 Year 2013 Year 2014 Year 2015

Year 2015

*Includes THAI Smile (WE)


75.3

4

71.8

4

74.3

2

73.0

7

74.6

3

76.3

4

65.3

3

56.6

7

72.1

0

78.7

7

82.2

7

82.0

1

76.9

6

73.9

9

75.0

8

74.3

5

76.0

7

71.3

3

65.0

7

62.2

2

71.1

2

76.8

1

75.1

8

77.2

2

2,000

4,000

6,000

8,000

Jan

-09

Feb

-09

Mar-0

9

Ap

r-0

9

May-0

9

Ju

n-0

9

Ju

l-09

Au

g-0

9

Sep

-09

Oct-

09

No

v-0

9

Dec-0

9

Jan

-10

Feb

-10

Mar-1

0

Ap

r-1

0

May-1

0

Ju

n-1

0

Ju

l-10

Au

g-1

0

Sep

-10

Oct-

10

No

v-1

0

Dec-1

0

-

20.00

40.00

60.00

80.00

100.00

ASK RPK C/FC/F RPK ASK

Passengers* 81.0

64.6

74.7

73.8

76.1

66.4

74.0

65.0

78.2

75.1

76.7

76.3

79.8

70.5

75.3

71.0

70.1

63.5

71.1

70.8

75.4

-

20.0

40.0

60.0

80.0

100.0

-

6,000

12,000

18,000

24,000

Q1

'10

Q2

'10

Q3

'10

Q4

'10

Q1

'11

Q2

'11

Q3

'11

Q4

'11

Q1

'12

Q2

'12

Q3

'12

Q4

'12

Q1

'13

Q2

'13

Q3

'13

Q4

'13

Q1

'14

Q2

'14

Q3

'14

Q4

'14

Q1

'15

(%)

Year 2011 Year 2012

(Million)

Y'13 Y'14 YoY% Q1'14 Q1'15 YoY%

MASK 85,655 82,969 -3.1 20,934 21,869 +4.5

MRPK 63,479 57,194 -9.9 14,677 16,489 +12.3

Cabin factor (%) 74.1 68.9 -5.2 70.1 75.4 +5.3

YoY (Year) YoY (Quarter)


Year 2013 Year 2014 Year 2010

*Includes THAI Smile(WE)

Year 2015


54.7

55.5

52.6

54.6

51.0

51.8

48.4

53.2

50.9

53.6

46.5

50.2

60.3

-

20.0

40.0

60.0

80.0

-

300

600

900

1,200

1,500

Q1

'12

Q2

'12

Q3

'12

Q4

'12

Q1

'13

Q2

'13

Q3

'13

Q4

'13

Q1

'14

Q2

'14

Q3

'14

Q4

'14

Q1

'15

(Million) (%)

Freight

75.3

4

71.8

4

74.3

2

73.0

7

74.6

3

76.3

4

65.3

3

56.6

7

72.1

0

78.7

7

82.2

7

82.0

1

76.9

6

73.9

9

75.0

8

74.3

5

76.0

7

71.3

3

65.0

7

62.2

2

71.1

2

76.8

1

75.1

8

77.2

2

2,000

4,000

6,000

8,000

Jan

-09

Feb

-09

Mar-0

9

Ap

r-0

9

May-0

9

Ju

n-0

9

Ju

l-09

Au

g-0

9

Sep

-09

Oct-

09

No

v-0

9

Dec-0

9

Jan

-10

Feb

-10

Mar-1

0

Ap

r-1

0

May-1

0

Ju

n-1

0

Ju

l-10

Au

g-1

0

Sep

-10

Oct-

10

No

v-1

0

Dec-1

0

-

20.00

40.00

60.00

80.00

100.00

ASK RPK C/F F/F RFTK ADTK


Year 2012 Year 2013

Y'13 Y'14 YoY% Q1'14 Q1'15 YoY%

MADTK 5,020 4,869 -3.0 948 988 +4.3

MRFTK 2,565 2,458 -4.2 629 596 -5.4

Freight factor (%) 51.1 50.5 -1.2 66.4 60.3 -6.1

YoY (Year ) YoY (Quarter)

Year 2014

*Includes THAI Smile (WE)

Year 2015


Passenger Yield (Including Fuel Surcharge) 2.8

3

2.7

8

2.7

0

2.7

8

2.7

8

2.6

4

2.6

3

2.7

5

2.7

0

2.8

1

2.8

1

2.7

8

2.8

7

2.7

3

2.6

7

2.6

9

2.6

2

2.6

0

2.7

4

2.6

7

2.7

2

2.7

1

2.7

2

2.8

6

2.8

4

2.7

4

2.7

6

2.6

4

2.5

1

2.5

3

2.4

9

2.6

1

2.6

0

2.6

1

2.6

8

2.7

7

2.7

6

2.7

6

2.7

3

2.7

0

2.7

0

2.6

1

2.5

6

2.5

6

2.5

7

2.6

2

2.6

3

2.6

8

2.6

6

2.6

1

2.5

0

2.00

2.50

3.00

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecYear 2011 Year 2012 Year 2013 Year 2014 Year 2015

(THB/Km)


Freight Yield (Including Fuel Surcharge)

Note: -Yield (from JAN’12 onwards) is passenger - sales commission and discount/RPK

Based on RCM report

-THAI SMILE (DOM) Exclude WExxx Flight

9.7

0

9.4

2

9.9

5

9.6

5

9.8

2

10

.0

0

9.8

0

9.8

7

9.9

5

9.6

0

9.5

3

9.6

0

9.6

2

9.3

3

9.4

7

9.4

6

9.0

6

9.0

0

8.9

1

9.0

8

9.4

2

9.5

2

9.4

9

9.2

1

9.1

5

9.0

3

9.3

7

9.3

4

9.2

6

9.2

7

9.1

9

9.5

1

9.5

1

9.4

2

9.2

8

9.1

2

9.1

5

8.8

0

9.2

0

7.9

6

7.2

9

8.3

7.00 8.00 9.00

10.00

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecYear 2011 Year 2012 Year 2013 Year 2014 Year 2015

(THB/Km)

10

.15

10

.10

1

0.0

2

10

.01

10

.01

10

.09

10

.11

10

.17

10

.08


Aircraft Utilization for Year 2014 = 10.6 Hours/Day/Aircraft

Aircraft Utilization

11.5

11.2 11.1

9.0

10.0

11.0

12.0

13.0


2010 2011 2012 2013 2014 2015

Aircraft Utilization for Year 2013 = 11.2 Hours/Day/Aircraft

Hours / Day / Aircraft

Aircraft Utilization for Q1’2015 = 11.3 Hours/Day/Aircraft


THAI’s Number of PAX

By Class By Area

Total passengers for Jan-Mar 2015 = 5.04 million

Q1’2015 Royal first

0.34% Royal silk 8.76%

Premium Economy

0.15%

Economy 88.64%

Non Revenue 2.12%

Domestic 21.08%

Regional 59.73%

Australia 4.79%

Europe 13.22%

North Pacific 0.80% Africa

0.05%

Non Schedule 0.32%

thai airways international pcl

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