Nok Air losses widen in 1Q2016

Nok Air revenue up 17% - financial highlights for three months ended 31-Mar-2016:

• Revenue: THB4221 million (USD118.4 million), +17.3% year-on-year;
• • Services revenue: THB492.1 million (USD13.8 million), +136%;
• Costs: THB4681 million (USD131.3 million), +24.4%;
• Profit (loss) before tax: (THB465.4 million) (USD13.1 million), compared to a loss of THB164.7 million (USD5.0 million) in p-c-p;
• Net profit (loss): (THB466.0 million (USD13.1 million), compared to a loss of THB164.6 million (USD5.0 million) in p-c-p;
• Passenger numbers: 1.7 million, -21.1%;
• Passenger load factor: 89.2%, +4.5 ppts;
• Passenger yield: THB2.34 (USD 6.6 cents), -2.9%;
• Revenue per ASK: THB2.27 (USD 6.4 cents), +2.3%;
• Cost per ASK: THB2.57 (USD 7.2 cents), +17.4%;
• Cost per ASK excl fuel: THB2.17 (USD 6.1 cents), +37.3%;
• Total assets: THB6960 million (USD195.2 million);
• Cash and cash equivalents: THB3308 million (USD92.8 million);
• Total liabilities: THB4484 million (USD125.8 million). [more - original PR]

*Based on the average conversion rate at THB1 = USD0.028053 for 1Q2016
*Based on the average conversion rate at THB1 = USD0.030630 for 1Q2015