Thai-based low-cost carrier (LCC) Nok Air reported a net loss of THB723.9 million baht ($20.08 million) for FY 2015, deepened from a THB472 million net loss in 2014. Nok chairman Somchainuk Engtrakul said the results came as competition in the Thai aviation industry, especially in the LCC sector, has seen rapid expansion. “This resulted in higher supply than demand, which lowered the company’s market share [and brought] a significant impact on consolidated figures [resulting in] ...

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