Business Segments Thai Airways International Thailand S.E.

Stocks

End-of-day quote Thailand S.E. 14/08/2026			5-day change	1st Jan Change
5.900 ^THB	-1.67%		+2.61%	-15.11%

08-11	Thai Airways International Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
08-03	Krungsri Securities Upgrades Thai Airways to Buy from Neutral; Price Target is THB7.90	MT

Breakdown by Business Segment (THB)

Fiscal Period: December	2021	2022	2023	2024	2025
Commercial Airlines
Air Transportation	14.4B	90.85B	140B	167B	166B
Total Assets	145B	186B	226B	281B	292B
Interest Expense	-9.49B	-12.69B	-15.61B	-18.78B	-13.15B
Income Tax Expense	-2.78B	-1.45B	-1.34B	353M	-2.5B
EBT	53.72B	-6.54B	20.89B	-34.69B	22.54B
D&A	11.13B	8.56B	10.11B	11.85B	12.7B
Net Income	56.5B	-5.09B	22.23B	-35.04B	25.04B
Airports and Airport Terminal Services
Business Units	4.69B	9.2B	12.35B	15.88B	17.32B
Total Assets	10.25B	8.59B	8.38B	8.27B	8.06B
EBT	116M	3.48B	3.77B	5.87B	4.8B
D&A	620M	651M	662M	626M	793M
Net Income	116M	3.48B	3.77B	5.87B	4.8B
Other Activities	2.48B	3.82B	5.28B	4.84B	3.88B
Total Assets	3.9B	3.29B	4.25B	3.52B	3.51B
Interest Expense	-1M	-	-1M	-1M	-1M
Income Tax Expense	-3M	16M	20M	21M	25M
EBT	-1.5B	1.38B	2.14B	2.3B	1.13B
D&A	792M	666M	621M	549M	495M
Net Income	-1.5B	1.36B	2.12B	2.28B	1.1B
Total Assets	2.29B	-	-	-	-

Geographical breakdown of sales (THB)

Fiscal Period: December	2021	2022	2023	2024	2025
Asia	7.91B	42.21B	72.42B	87.92B	85.31B
Europe	5.22B	37.9B	51.73B	59.68B	64.45B
Australia	993M	9.02B	13.22B	15.94B	17.25B
Thailand	7.45B	14.74B	20.08B	23.71B	16.43B
Unallocated Other Income	-	-	-	-	-
Unallocated Charter Flights	-	-	-	-	-
Africa	-	-	-	-	-
North Pacific	-	-	-	-	-