Thai Airways International posted a net profit of THB46.8 million ($1.3 million) for 2016, a turnaround from the airline’s THB13 billion net loss in 2015. The airline began a self-described transformation in early 2015 to “stop [the] bleeding” and in 2016 instituted the second phase of its transformation plan concentrating on “proactive revenue boost, effective cost reduction, capability enhancement and service excellence provision,” according to Thai’s ...

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