THAI Q2 loss deepens to B5.2bn

Thai Airways International Plc says its net loss in the second quarter deepened to 5.2 billion baht, from 2.9 billion a year earlier, due mainly to a jump in currency-exchange losses.

For the first half, the flag carrier reported a net loss of 2 billion baht (0.94 baht a share) compared with a profit of 3 billion (1.41 baht a share) in the same period last year, it told Stock Exchange of Thailand late on Friday. For the second quarter, its operating loss narrowed to 1.5 billion baht from 1.78 billion a year earlier.

Total revenue in the second quarter rose 9.6% year-on-year to 45.2 billion baht because of an increase in passenger and excess baggage revenue from a 21.9% rise in passenger traffic, despite a drop in the average passenger yield due to intense price competition, the company said in a statement.

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