16-Feb-2006 11:23 AM
Thai Airways Q1 to Dec net profit falls 33% on soaring jet fuel costs
Analysis
BANGKOK (XFNews) - Soaring jet fuel prices slashed net profits for flag carrier Thai Airways International by 33.36 pct year-on-year in the first quarter to December, the company said.
Net profit stood at 3.81 bln baht, the airline said in a statement through the Stock Exchange of Thailand.
"Net profit dropped year-on-year because overall jet fuel prices surged 25.3 pct during the quarter and the cost of jet fuel for Thai Airways jumped 29.3 pct year-on-year," a company spokeswoman said.
Personnel cuts and trimmed marketing costs did nothing to stem the losses, the spokeswoman said.
"Net profit dropped year-on-year because overall jet fuel prices surged 25.3 pct during the quarter and the cost of jet fuel for Thai Airways jumped 29.3 pct year-on-year," a company spokeswoman said.
Personnel cuts and trimmed marketing costs did nothing to stem the losses, the spokeswoman said.