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Thai Airways plans 1,500 job cuts this year

Seeking a turnaround: Thai Airways has racked up five successive quarters of losses due to high operating costs and a continued decline in passengers as the country's tourism industry suffered from prolonged political unrest. - PHOTO: REUTERS

[BANGKOK] Troubled national airline Thai Airways International expects to return to profit earlier than expected in the fourth quarter, it said, aiming to cut 1,500 jobs this year under its newly approved restructuring plan. The airline also said that it would shed more than a quarter of its