Thai's first-quarter profit drops 48%
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...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
