Business description: Thai Airways International

Thai Airways International Public Company Limited is a Thailand-based company, engaged in the operation of airline businesses and business units which related directly to transportation. The Company’s segments are Air transportation activities, Business units, and Other activities. The Air transportation activities segment consists of passenger, freight, and mail services. The business units segment is directly related to transportation activities, which include cargo and mail commercials, ground customer services, ground support equipment services, and catering services. The other activities segment is engaged in transportation supporting activities, which include flight management services, sale of duty-free goods, sale of souvenir products from the maintenance division, and the operation of subsidiaries. The Company has a network servicing approximately 61 destinations in 26 countries all over the world, whereas eight destinations are domestic (excluding Bangkok).

Sales by Activity: Thai Airways International

Fiscal Period: December 2021 (THB) 2022 (THB) 2023 (THB) 2024 (THB) 2025 (THB)

Air Transportation

14.4B 90.85B 140B 167B 166B

Business Units

4.69B 9.2B 12.35B 15.88B 17.32B

Other Activities

2.48B 3.82B 5.28B 4.84B 3.88B

Geographical breakdown of sales: Thai Airways International

Fiscal Period: December 2021 (THB) 2022 (THB) 2023 (THB) 2024 (THB) 2025 (THB)

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

Executive Committee: Thai Airways International

Manager TitleAgeSince
Chief Executive Officer - 2023-01-31
Director of Finance/CFO - -
Chief Operating Officer - -
Chief Tech/Sci/R&D Officer - -
Corporate Officer/Principal - -

Composition of the Board of Directors: Thai Airways International

Director TitleAgeSince
Director/Board Member 61 2015-05-22
Director/Board Member 65 2017-04-20
Director/Board Member - 2025-04-17
Director/Board Member - 2025-04-17
Director/Board Member - 2025-04-17
Director/Board Member - 2025-04-17
Director/Board Member - 2025-04-17
Director/Board Member - 2025-04-17
Director/Board Member - 2025-04-17
Chairman 59 2025-06-15

Shareholders: Thai Airways International

NameStocks%Valuation
Government of Thailand
38.9 %
11,010,143,112 38.9 % 1 846 M ฿
8.492 %
2,403,379,062 8.492 % 403 M ฿
7.429 %
2,102,791,787 7.429 % 353 M ฿
EGAT Saving & Credit Cooperative Ltd.
5.434 %
1,538,121,854 5.434 % 258 M ฿
2.049 %
579,955,895 2.049 % 97 M ฿
NameStocks%Valuation
Mackenzie Investments Corp. (United States)
0.006251 %
1,769,100 0.006251 % 345 116 ฿
Coston, McIsaac & Partners, Inc.
0.000033 %
9,250 0.000033 % 1 804 ฿

Holdings: Thai Airways International

NameStocks%Valuation
13,000,0002.04% 4 M $

Company details: Thai Airways International

Thai Airways International Public Co. Ltd.

89 Vibhavadi Rangsit Road

10900, Bangkok

+66 2 356 1111

https://www.thaiairways.com
address Thai Airways International(THAI-R)

Other Airlines

Change 5-day change 1-year change 3-year change Capi.($)
+1.80%+2.78%+31.04%+94.92% 52.44B
+2.50%+3.14%+4.49%+133.60% 36.15B
-2.36%-1.94%-5.37%+43.62% 28.14B
-0.65%-2.24%+9.65%+178.63% 25.68B
+0.48%-3.19%-11.80%+103.14% 20.38B
-0.15%-2.32%+2.44%-0.30% 16.82B
+0.66%-3.27%-22.89%-32.98% 15.97B
+0.20%+3.63%+0.33%+189.85% 15.05B
0.00%-0.59%-14.46%-19.13% 11.9B
Average +0.24%-0.57%-0.73%+76.82% 24.72B
Weighted average by Cap. +0.53%-0.48%+5.19%+89.07%
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
5.700THB
Average target price
7.990THB
Spread / Average Target
+40.18%

Quarterly revenue - Rate of surprise

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