Thai Airways may face net loss this year

BANGKOK: Thai Airways International Pcl Company may face a net loss this year due to floods that reduced passenger numbers and higher costs, President Piyasvasti Amranand told reporters

Floods cut revenue by 3 billion baht ($96 million) and fuel costs rose 40 percent in the first 11 months from a year earlier

Another official said its cabin factor averaged 70.6 percent in the first 11 months, down 3.9 percent from a year earlier Plans to sell five-year bonds worth 2 billion baht.