THAI AIRWAYS International Plc (THAI) swung to a steep operating loss of Bt828 million in the first three months of 2019, mainly due to the baht’s appreciation, fierce competition and the US-China trade war.

CIMB Thai Group recorded a consolidated net profit of Bt168.9 million in the first three months of the year, an increase of Bt47.7 million (39.3 per cent) year-on-year compared to 3M2017.