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THAI, Bangkok Airways earnings surge as tourists flock back

In this file photo taken on April 8, 2016 a Thai Airways Boeing 747 plane prepares to land at Changi International Airport in Singapore. (AFP)

Thai Airways International Plc and Bangkok Airways Plc reported a surge in first-quarter earnings as tourists flocked back to the nation.

Thai Air posted net income of 12.51 billion baht in the three months through March, rebounding from a net loss of 3.25 billion baht a year earlier. Bangkok Airways’ net income was 875 million baht versus a net loss of 1.02 billion baht in the same quarter last year.

With visitors returning to Thailand’s beaches and temples, the Finance Ministry expects international arrivals to reach almost 30 million in 2023, up from last year’s tally of 11.2…

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