Thai Airways reported 2009 net income of THB7.34 billion ($222.8 million), reversed from a net loss of THB21.38 billion in 2008, citing "cost control" and a foreign exchange gain as the main reasons it returned to the black. While it expects to remain profitable this year (ATWOnline, Jan. 15), the company said it is "still affected by the various crises including the ongoing global recession and the lingering H1N1 pandemic." It noted that "Thai political unrest" had a "negative impact" on ...

Subscribe to Access this Entire Article

"Thai swings to $223 million 2009 profit" 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.