Thailand-based low-cost carrier (LCC) Nok Air reported first-quarter net loss of THB379.9 million ($10.8 million), reversed from net profit of THB55.6 million in the year-ago period. First-quarter revenue fell 2.04% to THB3.38 billion; operating costs for the quarter were THB3.55 billion, up 10.8% from the year-ago period. The LCC attributed increased costs to the rise of aircraft lease rental and ongoing maintenance costs from a recent fleet expansion. Additional pressure came from ...

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