Thai Airways (TG) has acknowledged it faces major challenges in its struggle to cut costs and stem losses. At the delivery of its first Airbus A380 in Toulouse this week, TG’s EVP technical captain Montree Jumrieng said that major issues hampering progress include rising fuel costs, increasing competition - particularly from low cost carriers - and slowing economic growth. The market share of LCCs in the region had grown “dramatically,” Jumrieng said, pointing out ...

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