Thai Airways Q2 loss more than doubles to $223.7 mn on economic slowdown

Thai Airways's total expenses dropped 0.8 per cent to 49.6 billion baht on lower fuel prices

Thai Airways International’s second-quarter loss more than doubled as the global economic slowdown, fierce competition and a strengthened baht took their toll on revenue. The company reported a 6.88 billion baht ($223.7 million) loss in the second quarter, compared with a 3.1 billion baht deficit a year earlier, according to a filing to Thai exchange late on Friday.  Revenue declined 10 per cent to 42.5 billion baht.

The Thai national carrier has faced mounting pressure on its revenue as it struggles to operate with aging aircraft, declining tourist arrivals and a stronger currency. The baht’s 8 per cent appreciation against the