Thai Airways International (THAI): Outlook brightens on strong sales momentum & return of fuel surcharges November 29, 2017

  • Brighter outlook seen for 4QFY17 on strong sales momentum & return of fuel surcharges:
  • Positive momentum set to continue into FY18 on the back of tourism growth & further improvement in passenger yields:
  • FY17 profit view cut to Bt759mn but FY18 profit outlook revised up to Bt2,436; ‘BUY’ recommendation unchanged based on recovery prospects:

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