Thailand’s low-cost carrier (LCC) Nok Air reported a first-quarter profit of THB40.9 million ($1.25 million), down 90.2% from THB416 million in the year-ago period. The airline attributed the profit loss to intense competition in the domestic market and the adverse effects of the continuing political instability in Thailand. In a statement, Nok Air said the advent of newcomer Thai Lion Air and the expansion of domestic operations by existing full-service and LCCs in the last quarter of ...

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