THAI returns to profit in Q3
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
Thai Airways International (THAI) has returned to the black in Q3 2011. The national carrier posted a net profit of THB2.4 million (US$79.3 million) for the three months ending 30 September, compared to a loss of THB15.0 million in the same period last year. The result was achieved following a 10.0% rise in revenue, to THB49.96 billion, as passenger traffic increased 4.3% year-on-year.
Year-to-date however, THAI posted a net loss of THB4.8 million, compared to a THB12.0 million profit in the first nine months of 2010.