03-Mar-2009 11:57 AM
Thai Airways loses USD4.5 million per day in brutal final quarter
Analysis
Thai Airways suffered a massive USD411 million net loss in the fourth quarter of 2008 - or around USD4.5 million per day - in a period marked by the Bangkok Airport shutdowns and sharp reductions in demand stemming from the global economic slowdown. Foreign exchange losses to service the carrier's heavy debt load were also blamed for the horror fourth quarter result.
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