It will be another tough year for Thai Airways in 2015, as the company is implementing a painful recovery program,” Charamporn said. “The tourist rebound and low fuel costs have provided a great relief, even though competition in the industry remains very fierce.”
The airline had a 15.6 billion baht ($479 million) loss in 2014 as the political unrest and competition with other carriers hit passenger traffic. The company is raising about 15 billion baht by selling bonds and other short-term debt to pay loans coming due, and is meeting local investors for fundraising proposals, according to Charamporn.