Thai Airways Posts Record $4.7 Billion Loss as Debt Revamp Looms

Thai Airways International Pcl, 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 ($4.7 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. The annual loss was the largest ever for a Thai company, according to data compiled by the Stock Exchange of… (www.msn.com) More...