Thai Airways swings into the black for Q1, shares climb
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THAI Airways International said on Tuesday that it returned to net profit for the first quarter, sending its shares sharply higher, as a bumper foreign exchange gain and increased tourism traffic wiped out the impact of rising restructuring costs.
Posting a foreign exchange gain of 9.65 billion baht (S$381 million), the flag carrier reported a net profit of 4.54 billion baht for the January-March quarter.
