Nok Air Q1 results

admin
By admin May 18, 2015 14:48

Nok Air Q1 results

Nok Air has posted a 36% increase in first-quarter annual net profit to THB55.6 million ($1.66 million). This quarterly result reverses the full year 2014 loss of THB471.7 million. Revenue was up 11.7% to THB 3.5 billion, with operating expenses up by 12% to THB3.3 billion. Operating profit rose 1.6%.

The Thai low cost carrier has attributed the performance to the recovery in the Thai economy and a drop in oil prices, which helped push up traffic by 31.1% to 2.32 million passengers in the reporting period. RPK was up by 20%, while load factor rose by 4.8 percentage points to 84.7%.

admin
By admin May 18, 2015 14:48