Thai Airways' Remarkable Recovery

In an astonishing turn of events, Thai Airways International PCL witnessed its shares skyrocket by 216.27% upon resuming trading on Monday. This surge comes after a prolonged halt since May 2021, showcasing the airline's resilient comeback from financial turmoil.

From Financial Distress to Sky-High Gains

The airline, which faced significant financial challenges throughout the 2010s, saw its struggles intensify with the onset of the coronavirus pandemic in 2020. However, a successful $12 billion debt restructuring agreement and its subsequent exit from the program in June have paved the way for this dramatic recovery.

A New Chapter Begins

At 11:40 am ET, Thai Airways' stock was trading at 10.50 baht per share on Thailand's stock exchange, a monumental leap from the capital increase offering price of 4.48 baht. This marks a new chapter for the airline, as it aims to reclaim its position in the global aviation industry.