Thai low-cost carrier (LCC) Nok Air posted a preliminary 2014 net loss of THB410.5 million ($12.6 million), reversed from a THB1.1 billion profit in 2013. The airline, which saw a consistent drop in profits over the last quarters of 2013, attributed its poor performance to fuel prices, increased competition and capacity, local political unrest, and a weak Thai baht and economy. Taken across all subsidiaries, the company saw even bigger net losses of THB 471.7 million, attributed partly due ...

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