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Thai Airways dragged to $93m first-quarter loss by expensive fuel

Aviation business recovering but hurt by Ukraine war, China's zero-COVID policy

Higher fuel prices due to the Russia-Ukraine war weighed on the performance of Thai Airways in the first quarter.   © Reuters

BANGKOK -- Higher energy costs due to the Russia-Ukraine war dragged Thai Airways International to a net loss in the first three months of 2022 despite its rehabilitation efforts and the recent recovery of its aviation business.

The national flag carrier reported a net loss of 3.2 billion baht ($93 million), improving from the net loss of 11.2 billion baht reported during the same quarter in the previous year.

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