Q1 profit for Thai

Thai Airways International has reversed a THB2.63 billion loss reported a first-quarter of 2014 to post a net profit of THB4.54 billion. Revenue rose 20.3% to THB61.3 billion, with revenue from transportation activities up by 2.9% to THB48.4 billion year-over-year. Total expenses rose 10.7% to THB59 billion due to impairment costs – if these are stripped out, Thai expenses declined by 11.6%. During the first quarter of 2015, Thai launched its transformation plan with the first stage designed to stop the bleeding by discontinuing these routes: Bangkok-Johannesburg since mid-January, Bangkok-Moscow, and Phuket-Seoul in summer 2015. Adjustment in aircraft type was