BANGKOK -- Thai Airways International reported its largest-ever net loss of 141 billion baht ($4.7 billion) in 2020 on Thursday, ahead of the submission of its court-supervised rehabilitation plan next Tuesday.
The Thai flag carrier's net loss grew twelvefold compared with the previous year, its fourth consecutive annual loss. The COVID-19 pandemic disrupted international travel and logistics, resulting in the company's total operating revenue plummeting 74% to 48.3 billion baht.
