Higher fuel costs has caused Thai Airways International to post a net loss in the first three months of 2022 despite its rehabilitation efforts. Thai reported a net loss of 3.2 billion baht ($93 million), improving from the net loss of 11.2 billion baht reported the year-ago quarter. Thai Airways' fuel expenses increased to 4.2 billion baht.
Thai’s total operating revenue of 11.2 billion baht in the January-March period, up from 4.4 billion baht last year, was aided by the lifting of COVID-19 travel restrictions.
"The company has resumed its normal operation and provided a full service on international routes aimed to support the opening of the country on November 1, 2021 by resuming 36 destinations covering Asia, Europe, and Australia," Thai Airways said in a statement.
