Nok Air posts net loss, hit by pilot shortage
Nok Air has reported a net loss for a second consecutive year, hit by fierce competition, a shortage of pilots which forced it to curtail flights, and losses at joint venture NokScoot. The earnings announcement comes after Nok Air cancelled several flights in the past 2 weeks, prompting the country's civil aviation authority to investigate. Nok Air posted a 2015 net loss of THB726m (US$20.37m), versus a THB472m loss in 2014, it said. The loss contrasts with annual profits at some other budget and full-service carriers. Nok Air said it carried 7.95m passengers in 2015, up 11% from year earlier, but lower than the 23% rise of the overall market because of the entry of newcomers and capacity expansion by existing rivals. Nok Air's 2015 market share fell to 26.26% from 29.15%. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-02-29/unaligned/nok-air-posts-net-loss-hit-by-pilot-shortage
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Nok Air posts net loss, hit by pilot shortage
Nok Air has reported a net loss for a second consecutive year, hit by fierce competition, a shortage of pilots which forced it to curtail flights, and losses at joint venture NokScoot. The earnings announcement comes after Nok Air cancelled several flights in the past 2 weeks, prompting the country's civil aviation authority to investigate. Nok Air posted a 2015 net loss of THB726m (US$20.37m), versus a THB472m loss in 2014, it said. The loss contrasts with annual profits at some other budget and full-service carriers. Nok Air said it carried 7.95m passengers in 2015, up 11% from year earlier, but lower than the 23% rise of the overall market because of the entry of newcomers and capacity expansion by existing rivals. Nok Air's 2015 market share fell to 26.26% from 29.15%. <br/>
