Thai Airways International has reported a return to profit during the fourth quarter. Net profit was 5.4 billion baht ($151 million) for the October-December period, compared to a net loss of 6.2 billion baht a year earlier. President Charumporn Jotikasthira has pledged to continue cost cutting and expanding its customer base during this year, and announcing it would spend 2 billion baht ($56.1 million) on voluntary retirements this year, on top of the 5 billion baht paid out last year. Load factor is also forecast to rise to 80 percent in 2016 from 72.9 percent in 2015, as Thai Airways
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.