Nok Air still in loss tailspin
Nok Air slipped further into the red in the third quarter with a net loss of 1.07b baht, widening from a 652.62m-baht loss in the same period last year. The result brought cumulative losses of the SET-listed budget airline for the first nine months to 2b baht. In a filing to the bourse yesterday, CFO Nuanwan Bhuprasert broke down the total loss to 959m baht incurred by the parent firm and 113m by its affiliate long-haul low-cost carrier NokScoot. She attributed Nok Air's operating losses to lower than expected revenue growth and higher operating expenses because of fleet expansion and aircraft maintenance. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-11-14/unaligned/nok-air-still-in-loss-tailspin
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Nok Air still in loss tailspin
Nok Air slipped further into the red in the third quarter with a net loss of 1.07b baht, widening from a 652.62m-baht loss in the same period last year. The result brought cumulative losses of the SET-listed budget airline for the first nine months to 2b baht. In a filing to the bourse yesterday, CFO Nuanwan Bhuprasert broke down the total loss to 959m baht incurred by the parent firm and 113m by its affiliate long-haul low-cost carrier NokScoot. She attributed Nok Air's operating losses to lower than expected revenue growth and higher operating expenses because of fleet expansion and aircraft maintenance. <br/>
