Thai Airways Q1 Revenue Just Misses Target

April 20, 2016

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Thai Airways' Q1 revenue came in 1 percent below its THB49 billion baht (USD$1.4 billion) target, as it works through a restructuring plan.

Thailand's national carrier aims to return to profit this year.

"We aim to be one of the top five airlines in the world this year," company President Charumporn Jotikasthira said, without giving further details.

The flag carrier is among a number of state-controlled companies undergoing reform since the military seized power in May 2014.

It posted a smaller annual loss in 2015, mainly due to a decline in operating expenses and fuel costs.

(Reuters)