09-Nov-2009 12:05 PM
Thai Airways “still facing a crisis”; JAL stocks continue their decline
Analysis
Thai Airways' shares were up 2.0% on Friday. Also on Friday, the carrier's President, Piyasvasti Amranand, stated the carrier may not reach its revenue target of USD4.5 billion for 2009 and is unlikely to report a profit this year, due to fluctuating oil prices and low passenger yields, as a result of fare reduction campaigns.
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