Thai Airways International has reported a narrower net loss for the third quarter, helped by lower fuel prices and operating costs from its current restructuring programme.
The national carrier told the Stock Exchange of Thailand on Friday that it lost 1.6 billion baht for the July-September quarter versus a loss of 9.9 billion baht in the same period a year earlier.
Forecasts by analysts had ranged from a profit of 311 million baht to a loss of 550 million for the quarter.
THAI said it had an operating loss in the quarter of 836 million baht, improved from a loss of 3.4 billion baht a year earlier as fuel expenses dropped 33.6% and the number of passengers rose 7.6% to 5.5 million.
It also booked an impairment loss on assets and aircraft of 624 million baht for the quarter, but recorded gains of 120 million baht from foreign exchange, it said.