Thai Airways released details of its fiscal first quarter performance Friday, confirming it earned a net profit of THB3.81 billion ($96.7 million) in the three months ended Dec. 31 (ATWOnline, Feb. 15), a 33.4% decrease from the THB5.72 billion earned in the year-ago quarter. Revenues totaled THB45.88 billion, an increase of 6.5%. But expenses climbed 10.3% to THB40.59 billion owing to capacity growth and a 29.3% jump in fuel costs, according to the carrier. Thai launched service to Moscow ...

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