Thai Airways reported a THB1.84 billion ($59 million) profit in the three-month period ended Dec. 31, a sharp decline from the THB4.03 billion earned in the year-ago quarter. The airline changed its fiscal year as of Jan. 1 to match the calendar, so what previously has been the first fiscal quarter (Oct.-Dec.) now will not impact its full-year results. Revenue for the December quarter climbed 23.3% year-over-year to THB53.49 billion against a 15.9% increase in costs to THB49.77 billion. ...

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