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Thai Airways slips to net loss in 3Q2009; SIA seeing increased premium demand

Analysis

Thai Airways International's shares were down 1.0% yesterday, as the carrier 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).

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