Thai-based low-cost carrier (LCC) Nok Air reported a first-quarter annual net profit of THB55.6 million ($1.66 million), up 36% from the previous 2014 period and following a FY 2014 loss of THB471.7 million. The airline said the reversal was partly due to a 2.3% recovery in the Thai economy and a drop in oil prices, which helped drive industry-wide domestic passenger growth of 24% compared to last year’s quarter. First-quarter revenue rose 11.7% to THB 3.5 billion while expenses ...

Subscribe to Access this Entire Article

"Nok Air 1Q profit up 36%" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.