(Thai Airways International photo)Thai Airways International Plc (THAI) is now in a final reform phase that looks set to hit turbulence as it goes from red ink to profit. For the first quarter of this year, the company reported an operating profit of 3.83 billion baht, a 49.4% increase on the same period of last year. THAI had already suspended flights from Bangkok to Madrid, Moscow and Johannesburg and from Phuket to Seoul to stem losses. DESCENDING CURVETHAI reported losses of 12 billion baht in 2013, 15.6 billion baht in 2014 and 13.1 billion baht in 2015. Additionally, during the final quarter last year, the airline increased flights from Bangkok to Auckland from five flights to seven flights per week.

Source: Bangkok Post May 27, 2018 01:07 UTC