Fuel, Currency Losses Hurt Thai’s 1Q Revenue Gains
Thai Airways International cited rising fuel costs and foreign currency fluctuations for a near 50% slip in its first quarter net profit. The drop in net income to Thai Baht 2.2 billion (US$68.7 million) came despite a 10.6% year-on-year rise in revenue to THB 54.8 billion. Operating profits also...
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