Bangkok : Thai Airways International (THAI) has seen an extraordinary surge in its stock price, increasing by more than four hundred percent after the resumption of trading on the Stock Exchange of Thailand.
This impressive rise, fueled by strong second-quarter profits and a successful business rehabilitation plan, highlights the airline's recovery. The surge is further supported by THAI's expanding market presence, particularly in key regions like India and China, where growing demand has contributed to the airline's overall performance. This remarkable turnaround positions THAI for sustained growth as it capitalizes on its strengthened financial outlook and broader network expansion.
Thai Airways International (THAI) has experienced a remarkable surge in its stock value, skyrocketing by over 400 percent since it resumed trading on the Stock Exchange of Thailand on August 4. This dramatic increase has captured the attention of investors, eager to capitalize on the airline's turnaround following a period of financial struggles.
The surge in THAI's share price came after the airline's second-quarter financial results exceeded market expectations, reporting a 465 percent year-on-year increase in normalized profits. Several factors contributed to this positive outcome, including a significant reduction in fuel costs, lower interest expenses, and the overall decrease in debt following the airline's business rehabilitation efforts. These factors helped to reverse the company's fortunes, offering a bright outlook for its future prospects.
Analysts, however, are projecting that the airline may see a slowdown in its earnings during the latter half of 2025.