Thai Airways International Public Company Limited (SET: THAI) officially held the ceremony for its re-listing and first day of trading on the Stock Exchange of Thailand on 4 August 2025. This significant milestone follows the successful completion of its business rehabilitation, signaling a pivotal new chapter for the airline, which stands as a profound source of national pride for the Thai people.
THAI is now strategically positioned for robust, stable, and sustainable growth. This is driven by a steadfast commitment to elevating operational standards and service quality, coupled with a strong emphasis on corporate governance. The airline aims to create added value for all shareholders and stakeholders, striving to become a leading, high-quality listed company within the Stock Exchange of Thailand.
On its inaugural trading day, the opening price reached 10.50 Baht per share, representing a 134.4% increase from the capital increase offering price of 4.48 Baht per share, with a market capitalization of nearly 300 billion Baht. The price briefly went as high as 11.00 Baht per share during the opening session.
Mr. Chai Eamsiri, Chief Executive Officer, Thai Airways International, expressed his gratitude to all plan directors, employees of THAI, creditors, shareholders and media for putting their trust in the company throughout the rehabilitation process.
The CEO reiterated that Thai Airways is on pace for strong operations and financial results moving forward following 10-straight quarterly profit recorded. The company is committed to a 25% dividend payout policy after the re-listing in the Thai stock exchange.
The company is aiming for 400 billion baht of revenue by 2033, the same milestone of the expansion of its fleet to 150 aircrafts to retake market share. The Board has set targets of 21% market share at the six airports managed by Airports of Thailand PCL (SET: AOT) and 35% specifically at Suvarnabhumi by 2029, a remarkable increase from 15% and 26%, respectively in 2024.
Mr. Chai eased concerns of decreasing Chinese arrivals in 2025 as Chinese tourists ranked only seventh in Thai Airways’ top-10 passenger revenue by country of destination—behind Japan, Australia, Germany, the UK, India, and Thai domestic travel. He emphasized that the decline in Chinese tourists had limited impact, as travelers from China contributed just 5% of total revenue.
Lastly, the CEO of Thai flagship airline added that the fleet expansion plan was set before the exit of the rehabilitation plan, thus, any concessions that the Thai government made with the U.S. to lower tariffs are not in the company’s pipeline. Additionally, he noted that plane import has always received zero tariffs due to BOI benefits.
Pictured from left to right:
- Mr. Trairak Tengtrirat, Managing Director, Head of Wholesales & Investment Banking Business, Kiatnakin Phatra Securities Plc.
- Mr. Chai Eamsiri, Chief Executive Officer, Thai Airways International Plc.
- Mr. Chakree Bamrungwong, Board, Thai Airways International Plc.
- Dr. Piyasvasti Amranand, Board, Thai Airways International Plc.
- Professor Kitipong Urapeepatanapong, Chairperson, The Stock Exchange of Thailand
- Mr. Lavaron Sangsnit, Chairman, Thai Airways International Plc.
- Mr. Chansin Treenuchagron, Board, Thai Airways International Plc.
- Dr. Kulaya Tantitemit, Board, Thai Airways International Plc.
- Mr. Sumrid Sumneing, Board, Thai Airways International Plc.
- Mr. Asadej Kongsiri, President, The Stock Exchange of Thailand
- Mr. Sarawit Krairiksh, Chief Markets Officer, The Stock Exchange of Thailand
