Lufthansa said Monday it had cancelled 30 flights to Russia of the Lufthansa, Eurowings and Austrian Airlines carriers this week. Lufthansa Cargo also cancelled one flight from Frankfurt to Asia on Monday in avoidance of Russian airspace, the group said.<br/>
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Singapore Airlines has indefinitely suspended all flights between Changi Airport and Moscow in Russia with immediate effect, citing "operational reasons". SIA on Monday announced the suspension of return services in a notice posted on its website. The move affects flight numbers SQ362 and SQ361. The airline apologised to all affected customers for the inconvenience caused, and said all affected customers will be offered a full refund of the unused portion of their ticket. It advised customers to contact their travel agent or purchasing airline for help for bookings made through travel agents or partner airlines. SIA's move comes as the international community continues to crank up pressure on Russia following its invasion of Ukraine.<br/>
Thai Airways International posted a 55.11b baht net profit last year on 81.52b baht in revenue from one-time transactions, mainly asset sales, and a 19.70b baht operating loss. The airline said last year's operating loss was down 44% from the previous year but revenue from operations fell by 51% from 2020 to 23.75b baht. Income from passengers and cargo decreased by 59.9% to 24.60b baht. Operating expenses were at 43.45b baht, down by 48.2%. Apart from asset sales, the 81.52b baht in revenue from one-time transactions included income from debt restructuring, the sale of investments and restructuring and downsizing. As of Dec 31, the airline and its subsidiaries had assets of 161.22b baht, down 23% from a year earlier. Its accumulated debt was 232.47b baht, down by 31.2%. Worldwide, pressure on airline profitability diminished in the last quarter of last year with the improvement expected to continue this year, according to a business confidence survey of airlines' chief financial officers (CFOs) and heads of cargo, conducted by the IATA. However, the respondents were more cautious than in the previous survey due to the Omicron impact, soaring jet fuel prices and rising market competition that puts pressure on yields.<br/>