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Thai Airways walks tightrope in securing cash

National flag carrier posts $709m net loss in Q3, widening negative net worth

BANGKOK -- Thai Airways International is walking on the edge of financial solvency, as its third quarter results exposed cash reserves shrinking rapidly amid the spread of the coronavirus.

The national flag carrier of Thailand's net loss for the quarter ending September was at 21.5 billion baht ($709 million). The loss widened 4.6 times from 4.6 billion baht in the same period last year. In the nine months through September, it recorded a net loss of 49.5 billion baht.

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