Has Thai Airways Gone Bust?

Outsiders point to operational inefficiencies, poor management, and an aging and unwieldy fleet as other notable reasons. In late May 2020, Thai Airways filed for bankruptcy protection in Bangkok's Central Bankruptcy Court. By July 2020, the airline had defaulted on around US$3 billion in debt.

Is Thai Airways in trouble?

FINANCIAL TROUBLES

Thai Airways had been in financial difficulties even before the pandemic. In the year preceding the pandemic, its losses widened by Bt3. 4 billion to Bt12. 4 billion in 2019, as revenues fell despite increased passenger numbers.

What happened to Thai Airways?

Following the Civil Aviation Authority of Thailand (CAAT) announcement prohibiting international flights into Thailand until 30 June 2020, Thai Airways International Public Company Limited (THAI) has to suspend operations for one more month in June 2020.