International Journal of Accounting & Finance in Asia Pasific
Vol 4, No 1 (2021): February 2021

Thai Airways Restructuring Plan to Avert Bankruptcy

Sinha, Rupesh (Unknown)
Kumar, Navaneetha (Unknown)
Gandre, Chinmay (Unknown)
Nair, Rajesh Kumar (Unknown)
Alessandrino, Finn (Unknown)
Kee, Daisy Mui Hung (Unknown)
Deol, Jullia (Unknown)
Samuddin, Khairunraihani Mohd (Unknown)
Rosmadi, Nor Asyiqin (Unknown)
Muna, Rif’atul (Unknown)
Utama, A.A. Gde Satia (Unknown)

Article Info

Publish Date
27 Feb 2021

Abstract

For the past ten years, Thai Airways International Public Company Limited (THAI) has been suffering successive losses year after year. In 2014, THAI implemented a restructuring plan to improve its revenue streams, yet to no avail as it has been reporting losses. This study aims to determine the impacts of the restructuring plan on profitability ratios in the company and to determine which variable contributes the most towards their profits or losses. The data used were THAI financial statements of 2010 to 2019. As the results show, THAI's profitability ratios show no significant changes before and after the implementation of the restructuring plan, and the largest contributors to their losses are fuel and oil expenses and impairment losses of aircraft.

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Journal Info
International Journal of Accounting & Finance in Asia Pasific
Website

Abbrev

IJAFAP

Publisher

AIBPM Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

IJAFAP aims to feature narrative, theoretical, and empirical-based research articles within the abovementioned fields. The journal welcomes articles relating to the current issues of financial decision making as well as its impact on society. IJAFAP carries out the mission to feature narrative, ...