Thai Airways posts record S$6.19 billion loss as debt revamp looms

in hive-116221 •  4 years ago 

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Thai Airways International, the nation's flag carrier in the middle of a debt restructuring, reported a record loss last year after the coronavirus outbreak ground most of its services to a halt.

The net loss widened to 141.2 billion baht (S$6.19 billion), or 64.68 baht a share, from 12 billion baht, or 5.51 baht a share in 2019, Thai Airways said in an exchange filing Thursday (Feb 24). The annual loss was the largest ever for a Thai company, according to data compiled by the Stock Exchange of Thailand.


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