Thai Airways profits impacted by anti-government demonstrations

Thai Airways International has posted a third successive quarter of losses. During 2013, the airline’s net loss was 12 billion baht, compared with a profit of 6.2 billion baht in 2012. The carrier blamed a drop in traffic at the same time airline’s capacity increased with the delivery of seven new aircraft. The fall in the value of the baht against other currencies, prompted by concerns for the Thai economy due to anti-government protests, also impacted on the airline’s balance sheet. Thai’s total passenger load factor for last year fell 2.5 percentage points to 74.1%.