Thai Airways International has reported a narrower net loss for the third quarter, helped by lower fuel prices and operating costs from its current restructuring programme. Forecasts by analysts had ranged from a profit of 311 million baht to a loss of 550 million for the quarter. It also booked an impairment loss on assets and aircraft of 624 million baht for the quarter, but recorded gains of 120 million baht from foreign exchange, it said. Bangkok Airways posted a 14% increase in third-quarter net profit due to rising passenger numbers and revenues after opening new routes and increasing flight frequency in July. THAI shares closed on Friday on the SET at 26.75 baht, down 25 satang, on turnover worth 297 million baht.

Source: Bangkok Post November 11, 2016 11:38 UTC