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Thai Airways posts loss in high season, signaling bad year ahead

Profitability hit by tough competition and fall in trade due to U.S.-China tensions

Thai Airways reported an operating loss for the quarter ended March, hit by intense competition with other airlines including low-cost carriers. (Photo by Kosaku Mimura)

BANGKOK -- National carrier Thai Airways International reported on Thursday an operating loss for the quarter ended March, boding ill for its annual results.

President Sumeth Damrongchaitham blamed intense competition with other airlines including low-cost carriers. Thai Airways was taken over by a new management team in September last year.

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