Thai Airways’ net profit surges, but outlook rapidly deteriorating
Thai Airways announced a handsome increase in profit in the first quarter of the 2010 fiscal year ended 31-Mar-2010, but the outlook for the airline – and the Thai nation – is deteriorating by the day. Anti-government protesters are engaged in running battles that has left 30 dead and over 230 injured since last Thursday. The government has announced it is extending the state of emergency to a further five provinces, bringing the total to 17. A protest leader has warned the situation could deteriorate into civil war.
