Thai Airways International

Thai Airways’ profits dive 83% year-on-year

Thai Airways has had an 83% dive in profits for the first quarter of 2019. The Q1 balance sheet came out yesterday. The airline’s management is blaming the high baht, the ongoing US-China trade wars and the closure of Pakastani airspace (forcing rerouting of its Eurpean flights), for the drop. • Net profit of 456 million baht, down from a…