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THAI Announces 2nd QTR and Six Months' Results

17 May 2002



Thai Airways International Public Company Limited today announced a net
operating profit of 4,724 million Baht in its second quarter report
(Jan-Mar’02).

Mr. Kanok Abhiradee, THAI’s President, said that during the second quarter
period (Jan-Mar’02) THAI achieved operating revenue of 32,875 million Baht and
operating profit of 6,627 million Baht, a increase of 1,370 million Baht or
26.06 per cent, compared to the same period last year. The net profit was
reported at 4,724 million Baht, an increase of 3,934 million Baht or 498.61 per
cent, compared to the same period last year. Earnings per share reached 3.37
Baht, which is a increase of 2.81 Baht, compared to 0.56 Baht of last year.

As for the six months' operations from October 2001 to March 2002, THAI
announced a total operating revenue of 63,120 million Baht, a decrease of 2,037
million Baht or 3.13 per cent, compared to the same period last year. THAI
achieved 5,774 million Baht net profit, an increase of 6,709 million Baht or
717.43 per cent, compared to the same period last year. This is equivalent to
4.12 Baht net profit per share compared to the net loss per share of 0.67 Baht
in the same period last year.

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FREE Rooms in Bangkok for Travel Trade  Starwood signs Three Hotels in Saudi Arabia  Hotel Jen in Hong Kong launches Promotion  Massive Party launches Palm Jumeirah and Atlantis  Tiger Airways launches Flights to Kuching  Gerard Arpey to Chair oneworld  Giant Rugby Ball in London to Showcase New Zealand  TAT uses Miss France 2009 Beauty Contestants  Frasers signs Three Properties in India  Top Online Purchases in Asia  Sofitel Khon Kaen becomes a Pullman  Crystal Cruises launches Sell Three, Sail Free Promotion  Lion Air signs MoU for 20 ATRs  Australia - Bora Bora Promotion  Visa launches New Advertising Campaign in Asia  BA to enhance In-Flight Entertainment  QE2 to arrive in Dubai on 26 November  Delta launches Five Million Miles Promotion  Air New Zealand to Cut Jobs  JAL to launch Osaka-Seoul Flights  Two Michelin Stars for Conrad Tokyo  Rezidor signs Regent Hotel in Doha  Cirque du Soleil to Visit Dubai in March  Qantas to launch Kalgoorlie-Adelaide Flights  IRB launches World Rugby Yearbook 2009  IHG signs First Hotel Indigo in Asia  Bottle of Water Auctioned for Record US$23,000  Tiger Airways launches Free Seats Promotion  Hilton Hotels in Asia launch Promotion  Weekend Cruises to Stanley Market in Hong Kong  Strong Tourism Recovery expected in 2010  Dusit to Open Hotel in Cairo in January  Hong Kong Airport’s Passenger Traffic Down in October  Le Meridien KL launches F1 Promotion  Dusit Phuket Completes Refurbishment  Enhanced WiFi and Mobile Phone Service onboard Queen Mary 2
   

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