Thai Airways targets 12% revenue growth in 2013

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Thai Airways' new president Sorajak Kasemsuvan is expecting strong growth in the carrier's 2013 revenue as it introduces 17 new aircraft to its fleet.

Speaking to Flightglobal on the sidelines of a Star Alliance event, Kasemsuvan said he is presenting to the carrier's board a targeted revenue of Bt224 billion ($7.3 billion) for 2013.

"This is a 12% increase. We never had such a strong growth in Thai's history, but this is not unrealistic," he says.

With the 17 new aircraft, which includes six Airbus A380s, Thai's ASKs alone will increase by 8.9%.

The carrier also has room to improve its load factors on routes to Japan, South Korea, China and India, where is it "doing well". It also plans to start new services to these countries, as well as increase the frequencies on some existing routes, says Kasemsuvan.

"Without the new aircraft, we still have room to improve. With the new aircraft and ambition to increase internet sales, there is definitely room for revenue growth and so 12% is not overly ambitious," he adds.

Thai Airways recorded a net loss of Bt10.2 billion in 2011, down from a net profit of Bt14.7 billion the year before. Revenue stood at Bt194 billion, up by 5.5% compared with Bt184 billion in 2010.