Thailand-based Nok Air reported second-quarter net loss of THB51.3 million ($1.5 million), narrowed from a THB159 million loss in the year-ago period. The low-cost carrier said a “major contributor” to the still-significant loss was incurred by subsidiaries, principally its joint venture with Nok Scoot Airlines, as well as increased domestic competition. Revenue rose 14 % to THB3.2 billion year-on-year, while expenses increased 9.2% to THB3.3 billion compared to the prior-year ...

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