Thai Airways International posted a third-quarter net loss of THB9.9 billion ($246 million), reversed from a third-quarter $36.2 million net profit in the year-ago period. The airline said the results were due to foreign exchange losses caused by a weak currency and a drop in overall cargo volumes. Third-quarter revenue fell 4.4% to $1.23 billion leading to an overall nine-month net loss of $514 million despite a traffic rise by 8.8% to 5.15 million passengers in the July-September ...

Subscribe to Access this Entire Article

"Thai Airways reports mounting losses in 3Q" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.