Thai Airways International Plc (THAI) has targeted to reduce its costs up to 10 billion baht, excluding fuel cost, within this year as part of its business turnaround plan submitted to Ministry of Transport and Ministry of Finance yesterday.
Pichai Chunhavajira, chairman of THAI’s Turnaround Steering Committee, said the plan to cut this year’s operation costs is among the most urgent strategies in the first phase of the turnaround plan to solve the problems of the national flag carrier, which recorded a net loss of 14.8 billion baht in the fourth …