Thai Airways 2018 net loss increases to US$ 366 million

Thai Airways announced a net loss of US$366 million for 2018 ie 5 times higher than its 2017 net loss ! It will continue down this path unless it fixes some basic stuff such as 1. Its fleet composition to begin with. No point having A320/330/359/380 operate along side 77W/772/788/789. The fleet mix should ideally be 77W/781/789 for wide body + A320/321Neo for narrow body thus in total having 3 different types only versus 6 currently 🙄 2. On regional routes where the A333/B772 is flown on, many of these multiple daily services operate with less than 60% SF annually thus can be easily be downgraded to A321Neos which would annually end up saving a lot in operating costs. 3. It must lobby the Govt to re-negotiate the open skies policy with certain countries outside of ASEAN region who have taken advantage of it. 4. It needs to look at operating more frequencies to SYD and MEL ie at least double daily each as the average fares are nearly 40% higher than BKK-EU plus 30% shorter flying time. More so now with EK suspending its daily BKK-SYD from July which leaves a void in the market to fill. 5. Some long haul EU destinations need to be suspended where operating cash costs are not covered.