Thai Airways blamed higher fuel costs and foreign exchange losses for a 48% decrease in first-quarter net profit to $68.2 million despite an 11.2% rise in revenue to $1.69 billion. Fuel costs leapt 39.6% $432 million while exchange losses cost the airline $20 million compared to a $45.5 million gain in the prior period. Almost 50% of Thai's debt is in euros, which appreciated 14% against the baht in the quarter, Bloomberg reported. The carrier recently boosted fuel surcharges by 35% and ...

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