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Thai Airways shares suspended due to expected losses

Trading in Thai Airways International shares has been temporarily halted on the Bangkok stock exchange amid reports that the airline made annual losses of 13 billion baht.


The airline said its financial performance for 2013 was under review by its financial auditor.


The suspension in share trading was lifted after Thai “clearly and completely” clarified all relevant information.


The airline last week suspended dividend payments for 2013 and set its annual shareholders meeting for April 29.


The carrier had been due to release its annual results today (Tuesday), reflecting a slump in tourism since anti-government protests began in November.


Meanwhile, an explosion and gunfire rang out near a protest site in Bangkok early today after the protesters’ leader warned that government supporters were planning to bring armed militants to Bangkok, Reuters reported.


Weeks of unrest, in which protesters have barricaded several Bangkok intersections, have been interrupted by occasional bombs and gunfire, with one blast killing a woman and a young brother and sister in a shopping district on Sunday.


There was another explosion and more gunfire near one protest site on the edge of Bangkok’s Lumpini Park in the early hours of Tuesday, national security chief Paradorn Pattanathabutr said. Two men were reported to be wounded.


The Foreign and Commonwealth Office yesterday updated its travel advice to Thailand, saying that British travellers should not enter protest sites or adjacent pedestrian areas.

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