Loading
16-Aug-2016 9:46 AM

Nok Air losses deteriorate in 2Q2016

Nok Air revenue down 7% - financial highlights:

  • Three months ended 30-Jun-2016:
    • Revenue: THB2971 million (USD84.2 million), -6.8% year-on-year;
    • Costs: THB3675 million (USD104.2 million), +13.5%;
    • Profit (loss) before tax: (THB705 million) (USD20.0 million), compared to a loss of THB51 million (USD1.5 million) in p-c-p;
    • Net profit (loss): (THB705 million) (USD51 million), compared to a loss of THB51 million (USD1.5 million) in p-c-p;
    • Passenger numbers: 2.1 million, -3.1%;
    • Passenger load factor: 84.0%, +1.4 ppts;
    • Passenger yield: THB2.13 (USD 6.0 cents), -8.9%;
    • Revenue per ASK: THB1.95 (USD 5.5 cents), -7.2%;
    • Cost per ASK: THB2.43 (USD 6.9 cents);
    • Cost per ASK excl fuel: THB2.00 (USD 5.7 cents), +20.2%;
  • Six months ended 30-Jun-2016:
    • Revenue: THB6352 million (USD179.2 million), -4.3%;
    • Costs: THB7436 million (USD209.7 million), +12.1%;
    • Profit (loss) before tax: THB1084 million (USD30.6 million), compared to a profit of THB4.2 million (USD0.1 million) in p-c-p;
    • Net profit (loss): (THB1085 million) (USD30.6 million), compared to a profit of THB4.3 million (USD0.1 million) in p-c-p;
    • Passenger numbers: 4.1 million, -6.9%;
    • Passenger load factor: 86.6%, +3.4 ppts;
    • Passenger yield: THB2.23 (USD 6.3 cents), -6.0%;
    • Revenue per ASK: THB2.11 (USD 6.0 cents), -2.6%;
    • Cost per ASK: THB2.50 (USD 7.1 cents0, +14.0%;
    • Cost per ASK excl fuel: THB2.08 (USD 5.9 cents), +28.4%;
    • Total assets: THB5955 million (USD168.0 million);
    • Cash and cash equivalents: THB3154 million (USD89.0 million);
    • Total liabilities: THB4343 million (USD122.5 million).
    • Total liabilities: THB257,923 million (USD7275 million). [more - original PR]

*Based on the average conversion rate at THB1 = USD0.028359 for 2Q2016
*Based on the average conversion rate at THB1 = USD0.028206 for 1H2016
*Based on the average conversion rate at THB1 = USD0.030083 for 2Q2015
*Based on the average conversion rate at THB1 = USD0.030355 for 1H2015

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More