Is the financial crisis of Thai Airways due to COVID-19 or long-standing issues?

From what I understand - their financial problems are unrelated to COVID. I know they charge 2 or 3 times as much as other carriers. Maybe the issue is that there just are as many stupid wealthy people anymore and I don't think that is Covid related.

Yes. And Thai government have done a deal to sell off part of it. A weird form of bailout.

Yes it is - smart THAI way to make people redundant without confronting them 🤣🤣

there going into bankruptcy.

Not true, Government made announcement 2days ago. Close apparently, but they survived 555

Isn’t it owned by the King ?

Not surprised

I have waited almost 2 months now for my refund.

60%of airlines are looking for Handouts/bailout money, its the way of big corporate businesses in times Of Need,They always need More🤷‍♂️ go figure......

We all know the problem with Thai Airways it's just nobody in Thailand can talk about it openly.

It need complete restructuring, someone probably an experienced foreigner who will be impartial and apolitical but the Thais won't stand for that. It can be turned around but major surgery is required and a free hand given to whoever they bring in.

Hope not, as we fly to Australia on 27th embassy flight.

THAI airways have been mismanaged for years with stories of vested interests n nepotism. I do like the service but if you are the shareholders it really sucks .. just my opinion.

Also writing off the last of Thai creditably. 555. Thai international will be a C.O.D. Carrier.

It is one way of writing off all their debts and starting again. But not good if your in credit with them on a cancelled flight. I did wonder if ALL the airlines would try think way out of not paying.

A good way to get rid of all debts and have the Corona virus to take the blame for it all. Nobody loses face, it is Corona.

Ohh, now they're blaming the covid crisis for this airlines train wreck as far as being a profitable business?

Will the airlines recover? Or will the powers that be make it so difficult and expensive to travel, certificates of health and WAxSin8tions, social distancing regulations, full body x ray scanning, that people just say screw it? Airline stocks haven't recovered much, neither have legacy auto manufacturers. But electric car companyTesla is going gangbusters. I think oil prices are going to skyrocket making those polluting jets, a real thorn in the side of those global warming perpe-traitors, so expensive for the average Joe that he's priced by design right out of the market. I think they don't want people traveling. It's a BraveNewWorld?

Thai airways won't go down. They are an intelligent team. This is an unfathomable ploy to change course of management. They are one of the best airlines I have ever flown. I pray that they fly over this dark cloud in a jiffy. That they soar in to the high skies and deliver their top notch customer service. 🙏😇

Temporary blip... they will be back

What a shame. Thai Airways, Singapore Airlines, Korean Air and Aseana Airlines are some of the best experiences I've had travelling. Hope they survive.

Been in the mire for years..

They still owe me £650.... 🤬🤬🤬

Yeah well that’ll work out for them ....They owe me and hundreds of others Baht for cancelled flights refunds booked and paid for....Very dishonest company...

There goes my refund

Ah yes. Print slave money, loan slave money, let the slaves slave, collapse the economy, foreclose on the slaves, rinse and repeat. Genius!

Yes, but it's so they can restructure as opposed to traditional bankruptcy.

Wouldn't surprise me, they've been posting massive losses for years (which is rather suspect). They asked for yet another bailout this year.