Financial Round Up
Nok Air reports loss as new chairman takes control
March 30th 2015
Bangkok-based Nok Air, a subsidiary of Thai Airways International, reported a 472 million baht ($14.5 million) net loss for 2014, a reversal of a 1.07 billion baht profit in 2013. Read More » Nok’s yield dipped 13% to 2.57 baht, and its load factor dropped 2.7%, to 81.3%, as fierce competition and ongoing political instability affected the budget carrier.
Meanwhile, Nok chairman, Apiporn Pasiwat, said he would be succeeded by Somchainuk Engtrakul, who will take over the helm “using competency, expertise and valuable experience” to position the development of the airline toward “a sustainable future growth.”
