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Nok Air expects to clear cumulative losses by June; targeting 2 million passengers in 2009


The outlook for Nok Air is improving, with the LCC stating it now expects to clear its cumulative losses by Jun-2009. The LCC expects to handle 2 million passengers in 2009, a 20% year-on-year reduction, although average load factors are expected to improve 5 ppts (to 80%), due to the carrier’s streamlined network. [565 words]

Unlock the following content in this report:


  • Back in the black in 4Q08 after extensive restructuring effort
  • To take over loss-making secondary routes from parent
  • In negotiations to acquire two more B737-400s

Graphs and data:

  • Nok Air route network: Mar-09
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