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THAI may mark record-breaking profits this year after EC drops case.(Financial report)

The Nation (Thailand)

Byline: The Nation.

THAI may mark record-breaking profits this year after EC drops case

Thai Airways International (THAI) may set a new record in profits thanks to the Bt4.29 billion set aside earlier for potential European Commission liability.

The airline was already ahead of its operational target, reporting Bt19.6 billion in profits for the first nine months, including the Bt4.29 billion transferred into its revenue after the EC dropped its case on Thursday against THAI on freight collusion.

From January to September, THAI made Bt12.4 billion, higher than the entire-year projection of Bt19.6 billion.

"This year will be a new record …

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