THAI losses amount to Bt21.31 billion

By The Nation

Thai Airways International Plc posted the net loss of Bt21.31 billion in 2008, due mainly to the sharp plunge in passenger traffic on global economic recession as well as the closure of Bangkok airports in November and December.

Its passenger traffic plunged 35 per cent in the last quarter as protesters shut Suvarnabhumi airport during the nation's peak tourism season, stranding some 400,000 travellers, the company said in a statement.

The net loss was higher than analysts' estimate of about Bt13 billion. In the first nine months of last year, the net loss was Bt9.9 billion. It lost upto Bt14 billion in the fourth quarter alone.

THAI losses amount to Bt21.31 billion

Thai Airways International Plc posted the net loss of Bt21.31 billion in 2008, due mainly to the sharp plunge in passenger traffic on global economic recession as well as the closure of Bangkok airports in November and December.

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