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Thai Airways misses cost-cutting target, but expects to return to annual profit: CFO

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Hit by fierce competition and a weak economy, Thai Airways has reported annual losses since 2013. But the outlook has improved this year, underpinned by restructuring at the company and lower fuel costs.

Bangkok

THAI Airways International Pcl is likely to miss its annual cost-reduction target, but lower fuel costs will swing it to a profit for 2016 after three straight years of losses, a top company executive said on Monday.

The flag carrier is one of several state-controlled firms

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