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Thai airline companies on path to recovery but still in the red

Boost from national border opening countered by higher oil prices

The return of tourists boosted Thai aviation revenues, but higher fuel prices and the weak baht prevented profitability.    © Reuters

BANGKOK -- Thailand's airlines are finally recovering with flights on the increase after the government allowed borders to open up to foreign tourists and business travelers.

However, high oil prices and the weak Thai baht have pushed up costs and weighed down on the recovery. Airlines have suffered third quarter losses despite increased revenue. 

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