Thai Airways International Public Company Limited (THAI) has announced its financial results for the first quarter of 2026, revealing a net profit of 10,107 million baht. This marks an increase from the 9,839 million baht recorded in the same period last year. The airline's total revenue, excluding one-time items, was 51,029 million baht, a slight decrease of 1.2% compared to the previous year, primarily due to reduced production and traffic volumes.

Despite the revenue dip, THAI managed to maintain its average passenger yield per unit, thanks to effective pricing and revenue management strategies. Total expenses, excluding one-time items, fell by 1.8% to 37,282 million baht, largely due to lower aircraft fuel expenses and the appreciation of the Thai baht, despite a minor rise in average fuel prices.

The airline's operating profit before finance costs, excluding one-time items, rose by 0.6% to 13,747 million baht, with an EBIT margin of 26.9%. Finance costs decreased by 494 million baht to 2,987 million baht. Additionally, net one-time items contributed 1,088 million baht to income, driven by gains from aircraft lease terminations and derivative measurements.

As of 31 March 2026, THAI operated 80 aircraft with an average utilisation of 13.8 hours per day, carrying 4.18 million passengers. The airline's total assets increased by 6.7% to 324,542 million baht, whilst liabilities rose by 3.4% to 235,920 million baht. Shareholders’ equity saw a 16.7% increase to 88,622 million baht

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