Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Equity Bottom-Up

Thai Airways International / Equity Bottom-Up

<ul><li>THAI reported weaker aviation statistics in December 2025 for the second consecutive month.</li><li>Passenger movements fell 7% YoY and Available Seat Kilometer (ASK) declined 2.7% YoY, continuing the gradual slowdown since July 2025 (excluding October 2025, when the figure was flat YoY).</li><li>Revenue Passenger Kilometer (RPK) dropped 6.3% YoY—more than ASK—resulting in a 321 bps YoY decline in cabin factor.</li></ul>

THAI reported weaker aviation statistics in December 2025 for the second consecutive month.Passenger movements fell 7% YoY and Available Seat Kilometer (ASK) declined 2.7% YoY, continuing the gradual slowdown since July 2025 (excluding October 2025, when the figure was flat YoY).Revenue Passenger Kilometer (RPK) dropped 6.3% YoY—more than ASK—resulting in a 321 bps YoY decline in cabin factor.

THAI AIRWAYS INTERNATIONAL Plc. (THAI): Aviation Statistics In December 2025 Declined ...