17-Nov-2009 4:25 PM
Thai Airways slips to net loss in 3Q2009. "Still facing a crisis"
Analysis
Thai Airways International slipped to a net loss of USD121.5 million in 3Q2009, due predominantly to foreign exchange losses (due to the appreciation of Euro and Japanese yen) and falling passenger yields (-17% to USD 5.85 cents ex-fuel surcharge from 2Q2009 levels) although the carrier's revenue contractions lagged cost reductions in the quarter.
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