Missing image

Thai Airways Lowers Third Quarter Loss

Email this to someoneShare on Facebook0Share on Google+0Share on LinkedIn0Tweet about this on TwitterPin on Pinterest0Share on Reddit0Share on Tumblr0

Thai Airways announced a smaller net loss of THB1.59 billion baht (USD$45 million) in its third quarter.

The loss was an improvement from the THB9.89 billion loss in the same period last year.

Operating revenue for the period was down slightly at THB43.27 billion. Costs were down 6.4 percent to THB45.62 billion on a fuel bill down 33 percent.

Thai Airways is part through a transformation plan to return it to a position of sustained profitability.

(Source: Airwise)