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THAI aiming to double non-flight revenue
CorporateOct 14. 2020
By The Nation
Thai Airways International (THAI) wants to boost its non-flight income from 15 per cent to 50 per cent of total revenue in the next five years, THAI Catering managing director Varangkana Luerojvong told Krungthep Turakit newspaper.
Varangkana said the non-flight businesses – catering, repair and cargo services – have adjusted their strategies in order to raise revenue.
She said the catering business aims to boost its annual revenue from Bt10 billion to Bt20 billion in the next five years.
The repair and cargo businesses are thought to have set similar targets – to double their revenue from the current Bt15 billion-Bt20 billion and Bt20 billion, respectively.
Last year the airline’s catering business posted revenue of Bt8.5 billion.
THAI Catering now aims to expand its franchises for all product brands to a total 700 outlets, aiming to boost its revenue by at least Bt3.5 billion next year.
THAI entered rehabilitation restructuring under bankruptcy court supervision on September 14. The airline will submit its rehab plan for the court’s consideration in the fourth quarter of this year.