Thai Airways Profit falls 28%

Manila Bulletin
November 18, 2012 Sunday


BANGKOK (Reuters)- Thai Airways International Pcl reported a 28 percent drop in quarterly net profit, but core earnings jumped after passenger numbers rose helped by tourism and marketing campaigns. The country's flag carrier posted a net profit of 1.75 billion baht ($75 million), down from 2.45 billion baht a year earlier when it booked a 2.3 billion baht gain from foriegn exchange. Wednesday's numbers marked a turnaround from a net loss of 1.53 billion in the previous quarter.