THAI's loss doubles in Q3
THAI reported an operating loss of THB3.69b (US$111.8m) in Q3, up 103% year-on-year from 2017. THAI president Sumeth Damrongchaitham, who has pledge to cut and then eliminate the airline's losses, blamed the bleak July-to-September financial results "partly" on natural disasters, decreasing numbers of Chinese tourists and rising oil prices. Sumeth said the loss came despite a 2.2% rise in total revenue of THAI and its subsidiaries - THB47.95b between July 1 and Sept 30, including income from passengers, excess baggage, freight and mail. But operating costs hit THB3.69b, up THB1.87b compared with the same 3-month period last year. Passenger loads dropped slightly to 77.5%, compared with 78.2% in the corresponding period of 2017. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-11-09/star/thais-loss-doubles-in-q3
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THAI's loss doubles in Q3
THAI reported an operating loss of THB3.69b (US$111.8m) in Q3, up 103% year-on-year from 2017. THAI president Sumeth Damrongchaitham, who has pledge to cut and then eliminate the airline's losses, blamed the bleak July-to-September financial results "partly" on natural disasters, decreasing numbers of Chinese tourists and rising oil prices. Sumeth said the loss came despite a 2.2% rise in total revenue of THAI and its subsidiaries - THB47.95b between July 1 and Sept 30, including income from passengers, excess baggage, freight and mail. But operating costs hit THB3.69b, up THB1.87b compared with the same 3-month period last year. Passenger loads dropped slightly to 77.5%, compared with 78.2% in the corresponding period of 2017. <br/>
