Published on : Wednesday, July 29, 2015
National airline of Thailand, Thai Airways are planning to suspend U.S. flights and lay-off 1401 employees to cover up the continued losses.
Thai Airways President Jarumporn Chotikasathein says the airline is suspending the unprofitable four roundtrip flights per week from Bangkok to Los Angeles, as well as to Rome. Flights on profitable routes to London and Frankfurt will be doubled.
Jarumporn said Monday that the flight schedule changes and other measures were being introduced to reduce the airline’s losses.
It posted a net loss of 15.6 billion baht ($445 million) last year, or about 30 percent higher than 2013. The schedule changes will take effect on October 25. Thai Airways still has 50 routes that are either loss-making or have low returns, the company said in a statement on Sunday.
According to the sources, Thai Airways will cut the frequency of its flights to Kolkata, India and will also transfer operations of three routes, Hyderabad in India, Changsha in China and Luang Prabang in Laos.
Tags: 1401 jobs, Airline News, Thai Airways, U.S. flights
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