Thai Airways denies reports that 200 pilots have suddenly quit
Published on Aug 25, 2014 5:07 PM
BANGKOK (Reuters) - Thai Airways International, whose earnings have been hit by fierce competition and high operating costs, denied local media reports that 200 pilots have suddenly left the company due to concerns over the carrier's finances.
It is untrue that 200 pilots have left the company, First Lieutenant Athisak Padchuenjai, executive vice-president for operations, told a press briefing in Bangkok on Monday. About 30 pilots have resigned this year, but that has not affected the airline's operations, he said.
The media reports sent Thai Airways shares down 1.9 per cent at 7.55am GMT, while the broad index was 0.45 per cent higher.
The airline is undergoing restructuring after the carrier, majority-owned by the government, posted losses for five straight quarters. It plans to shed more than a quarter of its full-time employees by 2018.
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