Thai Airways International Pcl’s outgoing chief executive officer said the carrier may “easily” achieve this year’s 6 billion-baht ($188 million) profit target, after the company fired him saying communication problems were hampering efforts to meet the goal.
Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close in Bangkok. The SET Index fell for a second day, dropping 1.7 percent to 1,135.16, the lowest close since Feb. 27.
Qantas Airways Ltd., Australia’s largest airline, said a closure of European airspace caused by volcanic ash was costing as much as A$1.5 million ($1.4 million) a day as it helped out stranded passengers.
Thai Airways International Pcl , Thailand’s largest carrier, said economy-class bookings are lagging behind corporate travel because deadly anti-government riots in April triggered a canceling of conferences.