Forex gain puts Thai in the black
- Latest News
- Thursday, 19 August 2010
The flag carrier posted a net profit of THB1.55 billion against a net loss of THB5.4 billion in the same period last year.
A forex gain of THB4.39 billion outstripped increased revenue as well as the benefits of continued cost-cutting measures and greater cargo volume.
Cargo traffic had benefited from the global economic recovery and healthy Thai exports, boosting the average freight load factor to 64.8 per cent from only 48.5 per cent in the same period last year.
Revenue rose by 14.5 per cent year-on-year to THB39.6 billion, but expenses grew by 10 per cent to THB41.9 billion, due mainly to a 46.6 per cent increase in jet fuel prices.
