THAI quarterly loss at Bt9.2 billion

By The Nation

Thai Airways International posted the quarterly net loss of Bt9.2 billion against Bt417 million loss in the same period last year, due to higher jet fuel and foreign exchange losses.

The loss was huge despite the 12.6 per cent increase in revenue to Bt50.9 billion from Bt45 billion in the same period last year. In the statement to the Stock Exchange of Thailand, the company said that its operating expenses rose 20.3 per cent to Bt54.7 billion.

THAI said that in the second quarter, jet fuel cost rose 73 per cent on year, while the company suffered from the low travelling season. The national carrier also posted higher depreciation cost for aircraft and new engines. In the first six months of this year, forex losses accounted for Bt5.69 billion.

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THAI quarterly loss at Bt9.2 billion

Thai Airways International posted the quarterly net loss of Bt9.2 billion against Bt417 million loss in the same period last year, due to higher jet fuel and foreign exchange losses.

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