Thai Airways (TAWNF) Stock Takes Off: Turnaround Fuels 2025 Rally and Bullish Forecast
Key facts: Thai Airways (OTC: TAWNF) officially resumed trading in August 2025 after five years of suspension, sparking a massive share rally Reuters. On its first day back (Aug 4), the stock jumped ~216% intraday (from ~THB3 to THB10.50) Reuters, and continued to climb (closing ~THB13.40 by Aug 7, giving a ~THB379 bn market cap) Nationthailand. The airline emerged from court-supervised restructuring in mid-2025 with about THB190 bn of remaining debt (nearly THB94 bn repaid) Reuters. Importantly, Thai has reported operating profits every quarter since 2023 Reuters. In Q2 2025, net profit (including one-off items) was THB12.13 bn, versus THB0.31 bn a year earlier Nationthailand