THAI returns to profit in Q3

THAI returns to profit in Q3

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.

Mark Elliott
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Mark Elliott
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