Thai Airways posts first quarterly loss this year as fuel costs rise
· 50-word read
In 50 words
Thai Airways posted a net loss of 418 million baht for July to September, its first quarterly loss this year, it said on 12 Nov. It paid 59.8% more for fuel than a year earlier, while revenue rose 12.9% to 50,128 million baht.
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Why it matters
Thailand's flag carrier is under pressure from fuel costs. Thai Airways raised fuel surcharges and fares earlier this year, and it said year-end tourist season bookings look healthy.
Key dates
- 12 NovThai Airways released its July to September results, showing a net loss.
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Sources
- ThaigerRead the original article →
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