Nok Air reports Q2 loss

Dino D'Amore
By Dino D'Amore August 19, 2015 16:19

Nok Air reports Q2 loss

Nok Air has reported a net loss of THB51.3 million ($1.5 million) for the second quarter of 2015, which narrows a THB159 million loss in the year-ago period. Revenue was up by 14 % to THB3.2 billion, while expenses increased 9.2% to THB3.3 billion compared to the prior-year quarter, leading to a total operating loss of THB500 million.

Traffic rose 22.8% to 2.1 million passengers, with a load factor of 83.4%, up 7.3% from the corresponding previous quarter. However, as revenue per ASK fell 7.8% to THB2.0, down 7.8%, and cost per ASK fell 9.5% to THB2.1, yield dipped 8.8% to THB1.85, partly due to strong price competition.

Dino D'Amore
By Dino D'Amore August 19, 2015 16:19