Thai Airways expects its Q1 net loss will be higher than what expected by 30 million baht (RM3mil) - Reuters Photo.
BANGKOK: Thai Airways International Plc warned on Monday of a steeper-than-expected first-quarter net loss as passenger numbers fell due to prolonged political unrest in Thailand and fierce competition from low-cost carriers.
"First quarter net loss will be higher than what we had expected by 30 million baht," acting president Chokchai Panyayong told reporters after a board meeting. He did not give an exact figure for the anticipated loss.
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