On Thursday at 11:22 AM (Bangkok time), the share price of Thai Airways International Public Company Limited (SET: THAI) soared by 5.47% or THB 0.70 to THB 13.50, with a trading value of THB 1.92 billion.
Shares of Thai Airways (THAI) increased, potentially attributed to the continued appreciation of the Thai baht. The strengthening currency has positive implications for the company’s cost structure, given that a significant portion of its expenses—including aircraft maintenance, leasing, and fuel—are denominated in U.S. dollars.
The baht opened this morning at 32.29 against the U.S. dollar, strengthening from yesterday’s close of 32.36. The rally in the currency was driven by a weaker U.S. dollar following the release of disappointing Job Openings and Labor Turnover Survey (JOLTS) data. The figures came in below analysts’ expectations, reflecting a slowdown in hiring as businesses respond cautiously to President Donald Trump’s tariffs. This has fueled speculation that the Federal Reserve may cut interest rates later this month.
Previously, Cherdchome Therdsteerasukdi, Chief of Finance & Accounting of Thai Airways International Public Company Limited (THAI), noted that a stronger baht lowers the company’s U.S. dollar-denominated spending. For 2025, the company plans to hedge up to 30% of its annual fuel requirements for a 12-month period. Currently, prevailing oil prices remain below the company’s hedging thresholds.
