Thai Airways (TAWNF) Stock Takes Off: Turnaround Fuels 2025 Rally and Bullish Forecast
Key facts: Thai Airways officially resumed trading in August 2025 after five years of suspension, sparking a massive share rally Reuters. On its first day back, the stock jumped ~216% intraday Reuters, and continued to climb Nationthailand. The airline emerged from court-supervised restructuring in mid-2025 with about THB190 bn of remaining debt Reuters. Importantly, Thai has reported operating profits every quarter since 2023 Reuters. In Q2 2025, net profit was THB12.13 bn, versus THB0.31 bn a year earlier Nationthailand Nationthailand. Thai has heavy growth plans – it ordered 45 new Boeing 787-9 widebodies Reuters – and aims to double its fleet by 2033. With a leaner cost base and a broadened route network, analysts are forecasting strong earnings. Thai Airways’ stock performance in 2025 has been dramatic. Trading resumed on August 4, 2025, and the stock immediately surged. Reuters reports that shares rose 216% on that first day, ending at THB10.50 Reuters. The rally continued: by August 7 the stock closed at THB13.40 Nationthailand, reflecting a fourfold gain from the relisting price. On the US OTC market, the ADR echoed this jump, though quotes stabilized around USD0.40 by September Reuters Nationthailand. Volume was heavy as investors caught on to the
