THAI closes June quarter with net profit of $62.6 million

Thai Airways International reported group net profit of 2.2 billion baht ($62.6 million) for quarter ending June 2023 reversing the Bt3.2 billion loss in the year-ago period citing passenger demand and rebound in travel especially in China and Japan markets. Total revenue, excluding one-time transactions, increased 74% on the year to 37.3 billion baht. Thai Airways had filed for bankruptcy protection in 2020 taking a hit of 3.2-billion-baht net loss in the April-June quarter of last year.  The group noted that this is its fourth consecutive profitable quarter, after it undertook business restructuring amid the pandemic. Thai Airways had initially aimed