Thai Air Reports Stronger Q1 Profit

May 11, 2012

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Thai Airways on Friday reported a surge in quarterly net profit on the back of a recovery in passenger traffic.

Thailand's flag carrier posted a January-March net profit of THB3.6447 billion baht (USD$117 million), versus THB618 million a year earlier and a loss of THB5.4 billion baht in the fourth quarter when severe floods hit the airline industry.

(Reuters)