To survive! The airline sells fried dough sticks, and people have been queuing up to buy them at 5 a.m

category:Finance
 To survive! The airline sells fried dough sticks, and people have been queuing up to buy them at 5 a.m


Photo source: Official microblog of Thai Airlines

Business is so prosperous that the company intends to let more partners join in and sell fried dough sticks, so that both Thai Airlines and its partners can benefit from it. Netizens sigh, this is probably the power of eating goods!

Fried dough sticks with purple potato soup,

Someone came in line at 5 a.m

China is the largest tourist source country of Thailands tourism industry, but since the outbreak of Xinguan epidemic, the operation of tourism industry has been poor. According to the National Tourism Administration of Thailand, Thailand welcomed 6.69 million foreign tourists in the first quarter of this year, a 38% decrease compared with the same period last year, and the income brought by this year decreased by 63%. Among them, 1.247 million Chinese tourists visited Thailand in the first three months of this year, a year-on-year decrease of 60%.

Thailand received zero foreign tourists in August. Thailand has not received foreign tourists for the fifth consecutive month after the border was closed to curb the spread of the epidemic. In August last year, Thailand received 3.47 million tourists, generating a related income of 169.8 billion baht (about 5.375 billion US dollars).

With fewer tourists, the airline business has been hit. On October 2, local time, the Bangkok Post reported that the recently launched fried dough sticks business of heavily indebted Thai International Airlines (hereinafter referred to as Thai Airlines) has been selling well on the street.

Screenshot of Bangkok Post

According to the world daily of Thailand, since the headquarters of Thai Airlines began to make full use of the advantages of the aviation kitchen to make money, the Shilong Office of Thai Airlines has also taken action, bringing another selling point of Thai Airlines, Thai Air fried dough sticks with purple potato soup, which is widely praised by consumers. Some people even queue up to buy from 5 a.m., which has become a hot topic in the city.

Changxin, the acting president of Thai Airlines, said that many people queue up in the early morning outside the companys five branches in Bangkok to buy Thai fried dough sticks.

According to the Bangkok Post, Thai Airwayss fried dough sticks set, which includes three Thai fried dough sticks and a purple potato dip, costs 50 baht. The fried dough sticks, called patonggo, bring in about 10 million baht (2.15 million yuan) of sales each month for the company, the report said. Therefore, the company intends to let more partners join in and sell fried dough sticks, so that both Thai Airlines and its partners can benefit from it.

Image source: video capture

As the largest airline in Thailand, due to poor financial management and the impact of the new crown epidemic, thai airways forced the company to file for bankruptcy, with total liabilities of about 332.2 billion baht (about 71.47 billion yuan).

On the 14th of last month, Thailands central bankruptcy court approved Thai Airways application for debt restructuring as part of the bankruptcy process. The courts decision will allow Thai Airways to plan a restructuring of its huge debt, a process that will take three to five months.

Thai Airways has previously said that once creditors and the court reach an agreement on the restructuring plan, it will set up another committee to implement the plan, which may take as long as seven years.

Some companies have decided to withdraw from the aviation market

Since the outbreak of the epidemic, Japans aviation industry has also suffered an unprecedented impact. According to Japanese media reports, due to operational difficulties, Japan Asia Airlines has recently decided to terminate its aviation business, which is also the first airline to withdraw from the Japanese market since the outbreak of the epidemic.

JAL is a low-cost airline established in 2014 by Malaysias Asian airlines and a number of Japanese enterprises. It is headquartered in Aichi County, central Japan. It operates three domestic routes and one international route starting from Aichi county. Since the outbreak of the epidemic, the company completely grounded in April this year, and it did not resume its domestic flights until August, but it soon announced that it would be completely grounded again from this month.

The sharp decline in the number of passengers is the fundamental reason for the operational difficulties of JAL. Data show that the number of passengers transported by JAL in the second quarter was less than 2500, a decrease of 98% compared with the same period last year. Even after it resumed operation in August, it did not improve. This makes it difficult for budget airlines to maintain their profitable business model by increasing their attendance and turnover. The registered capital of JAL is only 2 billion yen (equivalent to 130 million yuan), which is difficult to cope with the shortage of funds for a long time.

Global aviation industry launches fancy self rescue

Recently, the air transport action group, headquartered in Geneva, Switzerland, released a report showing that, of the 88 million jobs related to the global aviation industry by the beginning of next year, nearly 46 million jobs may be reduced because of the epidemic situation. In other words, the number of unemployed people related to the aviation industry will exceed half of the total employment in the industry.

Ma Tao, chief representative of IATA in China, once told the media that many airlines around the world have applied for bankruptcy protection, and the travel demand of the aviation industry will not return to the level of 2019 until 2024.

Photo source: Photo Gallery

The aviation industry is struggling to survive by developing cargo transport. On the one hand, the reduction of peoples going out during the epidemic period led to a strong demand for goods transportation; on the other hand, the reduction of flights led to the decrease of transportation capacity and the soaring of freight. The aviation industry regards this as a good opportunity, and has taken measures to increase transport capacity in order to cultivate cargo transportation as a new profit growth point.

United Airlines announced in August that its cargo flights had increased to 5000. The companys freight revenue in the second quarter rose 36% year-on-year to $402 million. After 35 years, American Airlines has reopened its special cargo class. In September, the company plans to fly more than 1000 cargo flights to 32 cities in Latin America, Europe and Asia, mainly by wide body Boeing 777 and 787. Cool air, a budget airline owned by Singapore Airlines, refitted some of its airliners in August, removing seats from Airbus A320 to increase cargo space. Due to the growth of demand for home appliances, Korean Airlines and Asiana Airlines also made profits in the second quarter due to the growth of high-tech product parts transportation. Korean Airlines has also converted some of its airliners into freighters. Shenzhen real estate market in September: Sales of second-hand houses fell by 24% and new houses continued to recover by 15 billion euro. Payment giant was born! Two largest payment companies in Italy Announced merger and fell by 7%! SMIC international was subject to several measures of us export control to deal with potential impact. Source: daily economic news editor: Yang Qian_ NF4425

United Airlines announced in August that its cargo flights had increased to 5000. The companys freight revenue in the second quarter rose 36% year-on-year to $402 million.

After 35 years, American Airlines has reopened its special cargo class. In September, the company plans to fly more than 1000 cargo flights to 32 cities in Latin America, Europe and Asia, mainly by wide body Boeing 777 and 787.

Cool air, a budget airline owned by Singapore Airlines, refitted some of its airliners in August, removing seats from Airbus A320 to increase cargo space.

Due to the growth of demand for home appliances, Korean Airlines and Asiana Airlines also made profits in the second quarter due to the growth of high-tech product parts transportation. Korean Airlines has also converted some of its airliners into freighters.