Thai Airways International (THAI) has posted a 155% increase in revenue and a narrower loss in the first quarter of this year with liquidity surging to the highest point since the company filed for bankruptcy in 2020.
Announcing its operating performance on Tuesday, the carrier said revenue in the first three months of the year totalled 1.1 billion baht, up 155% from the same period last year.
The airline’s improved performance is due to increased passenger and cargo traffic brought on by the reopening of borders and a substantial lifting of public health restrictions.
THAI and its subsidiaries reported a first-quarter loss…
