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Thai Airways posts first profit in pandemic thanks to restructure

But slow recovery in passenger demand clouds path to rehabilitation

The delta variant outbreaks in Southeast Asia including Thailand throw a pall over the company's hopes for a recovery in travel.   © Reuters

BANGKOK -- Thai Airways International reported a net profit in the first half of 2021, its first since the COVID-19 pandemic hit, thanks to a restructure of its business as part of a rehabilitation plan, although uncertainty still clouds its passenger flight services.

Thai Airways posted on Monday a consolidated net profit of 11.1 billion baht ($333 million), reversing a 28 billion baht loss it recorded in the same period in the last year. This was due to contributions to its bottom line from selling off assets and adjusting employees' benefits.

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