Thai Airways International Pcl’s shares climbed to the highest level in almost eight years after the state-controlled airline reported that net income for the second quarter soared nearly 39-fold from a year earlier.

Thai Airways International's stock price had risen 216% when the market closed on Monday after shares in the airline resumed trading following a hiatus of nearly five years

Shares of Thai Airways International Pcl will resume trading Monday in Bangkok for the first time in five years, the culmination of the state-controlled airline’s emergence from its $12 billion debt restructuring.