Thai Airways announce return to profit in March 2023 quarter

Thai Airways announced a return to profit in the Q1 of 2023 with increased tourism and transit demand, with passenger numbers more than three times higher than in the first quarter of 2022. In the first quarter of 2023, Thai Airways International Public Company Limited (THAI), which includes Thai Smile Airways, reported an operating expense of $840 million, leaving the group with an operating profit before finance costs of $384 million. The airline performance was boosted by gains from the carriers restructuring program and the sale of assets, including one Boeing 747, leading to a net profit of $369 million, compared to a loss