THAI aims to cut costs by 5 billion baht next year and to up load factor

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Thai Airways International, the national flag carrier, has set a target to cut costs by 5 billion baht and to increase its load factor by 6 percent to almost 80 percent the coming year.

THAI president Jarumporn Chotikasathien told the media after a meeting of the board of directors on Tuesday that the national flag carrier had sold altogether 24 aircrafts this year and managed to reduce 8 billion baht in costs out of a set target of 10.7 billion baht through reduced flights and the closure of four ground stations at Johannesberg, Moscow, Madrid and Los Angeles.

As a result of the flight cutback and suspension of services at the four stations, he said THAI managed to improve its efficiency in providing services with its load factor rising to 73 percent and 5-6 passenger growth rate.

He further said that THAI aims to restore its customer’s service excellence and to improve its efficiency in route, flight and pricing management.