THAI posts profit

thai Airways has posted its first net profit since the start of the pandemic, with the US$333 million half year surplus a big turnaround from the previous half’s loss of US$840 million.

The carrier was able to achieve the result on the back of major cost-saving initiatives, which saw total expenses slashed from US$1.7 billion to just US$180 million, mainly as a result of its 50% reduction in staff.