Posts: 11621
Joined: Mon Nov 13, 2000 4:06 am

Thai Airways Posts Q3 Profit Of US$80 920 000

Thu Aug 15, 2002 4:19 pm

Thai Airways International - A Star Alliance Member - The Airline Network For Earth - has posted a net profit of 3 400 000 000 baht / US$80 920 000.

The profit for Q3 was up from 745 000 000 baht / US$17 635 800.

The profit was due to a foreign exchange gain of 2 130 000 000 baht / US$
50 694 000. The airline is exposed to the highly fluctuating Thai Baht.

For the Financial Year ending 30 September 2002, the airline made a profit of 9 200 000 000 baht / US$218 960 000.

"The results were lower than consensus, but they still rose so I don't think people were too upset. Buying planes boosts sentiment. The kneejerk reaction is more planes, more passengers, more money," said Ben Knowles, head of sales at Adkinson securities.

More information at the Reuters / Yahoo website

Information was gathered from the above hyperlinked webpage. Full information can be viewed by clicking the above hyperlink

Anyone can fly, only the best Soar.

Popular Searches On

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos