Thai-based low-cost carrier (LCC) Nok Air, which issued a final report on its 2014 earnings, reported an annual net loss of THB471.7 million ($14.5 million) for FY 2014, reversed from a THB1.07 billion profit in 2013. The airline said the loss was due to “continued unsettling political havoc” since 2013, as well as fierce local competition; some THB410 million of the losses were attributed to Nok Air itself, with the remaining THB61 million coming from its subsidiaries including ...

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