Thai Airways International PCL

SET:THAI

Business Description

Sector

Industrials

Industry

Airlines

Headquarters

Thailand TH

Employees

11 883

IPO date

Jul 23, 1992

Thai Airways International is Thailand’s flag carrier airline. It sells passenger air travel on domestic and international routes, and it also carries cargo in the belly space of its aircraft. Its main customers are leisure travelers, business travelers, Thai residents traveling abroad, visitors coming into Thailand, and companies that need air freight service.

The company makes money mainly by selling airline tickets and cargo transport. It also earns income from related airline services such as baggage fees, cargo handling, and partnerships with other airlines. Like most full-service carriers, it has a complex cost base tied to aircraft, fuel, airport fees, maintenance, and crew, so its business depends on keeping planes full and schedules reliable.

What makes Thai Airways different is its role as the national airline and a major connection point for travel into and out of Thailand. It sits in the middle of the travel value chain, linking passengers to Thai tourism, regional business travel, and global long-haul routes. That gives it a business that is closely tied to air travel demand, international route networks, and Thailand’s position as a transport hub.