This came despite a 16% increase in revenue to
TAA chief executive Tassapon Bijleveld explained that the profit decline followed a move to include aircraft depreciation in its balance sheet and higher expenditure on publicity and marketing to improve consumer confidence.
For the whole of 2013, TAA,
The airline recorded a year-round average load factor of 83% in 2013, up 1 percentage point, serving 10.5 million, 26% higher than a year ago.
Despite a relatively subdued outlook caused by
TAA would raise its capacity this year by 30% as eight new A320 jets joining its fleet whose numbers would soar to 46 by the end of this year.
Mr Taasspon noted the political turmoil is impacting TAA with a load factor saw so far in the first quarter of this year was 84%, down from 86% in the same period last year.
This year, TAA will continue to expand by raising frequencies on existing routes and adding a few more cities in
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