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Thailand protests hit Thai Airways targets

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First-quarter cabin factor to sink to around 70%

Thai Airways says its passenger growth target for 2014 is 4%, lower than the 4.6% growth to 20 million passengers it saw during 2013.

Chokchai Panyayong, the airline’s acting president, explained that the slower growth forecast was due to a weak economic outlook and the impact of domestic political unrest.

Thai Airways had been aiming for 76% cabin factor in 2014, but first-quarter numbers will be down to around 70% because of the unpredictable political situation hitting tourism in Thailand.

Thai Airways’ president, Sorajak Kasemsuvan, resigned for health reasons earlier in January. The airline recently posted a heavy net loss for the second consecutive quarter, which it said was because of a combination of lower passenger yield, tough competition and foreign exchange losses.

Reuters

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