Nok Air losses significantly reduced in 1Q

Nok Air’s consolidated losses in the January-March 2018 period narrowed significantly to 26.9 million baht (US$843,505) from 295.6 million baht in the same period of last year, which it attributed to marketing efforts to capture several market segments, stricter cost control and productivity enhancements.

Despite the 23.3 per cent rise in fuel costs, revenue grew by 5.6 per cent from the same quarter of last year to 4.3 billion baht as average cost per seat declined; cabin factor improved 6.1 percentage points to 93.8 per cent; and passengers carried increased to 2.52 million, up 3.83 per cent.

Notably, passenger numbers on the Chinese routes jumped 149.57 per cent to 235,363, up from 94,308, as the airline boosted its Chinese coverage to 19 cities from eight in the same quarter of 2017.

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