Thai Airways swings to Q3 operating profit, but sees rising competition

Bangkok

NATIONAL carrier Thai Airways International pcl swung to a quarterly operating profit, but warned competition was likely to intensify after a UN body last month removed a ban on new international flights by Thai-based carriers.

Low-cost rivals Thai Vietjet, Nok-Scoot and Thai AirAsia X have said they plan to add flights to destinations in Asia, increasing pressure on the legacy carrier, which like Singapore Airlines Ltd and Cathay Pacific Airways Ltd has reported falling ticket prices.