Thai Airways returns to profitability, improves outlook; JAL’s losses widen
Thai Airways’ shares gained 6.1% on Friday, rising to the highest level in more than four months in Bangkok, after the airline reported a better-than-expected FY2009 net profit (of USD222.5 million, compared to a loss of USD647.7 million in the previous corresponding period) and a positive profit outlook for 2010. The carrier’s shares slumped 16.6% in the October-December quarter.
