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Thai Airways barely in the black; sees tough going ahead

Despite efforts, the airline's fragile recovery leaves investors unconvinced

A Thai Airways jetliner at Suvarnabhumi Airport in Bangkok

BANGKOK -- Things are looking up for Thai Airways International, which turned a profit in 2016 for the first time in four years. But the state-owned flag carrier may be in for some turbulence as competition heats up and costs rise.

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