While the fallout from the military takeover adds to several risk factors including fierce competition, the SET-listed budget airline will strive to achieve the target set early this year.
"It is difficult and too early to predict the extent of the impact the military takeover will have on our business," said Panya Chutisiriwong, vice-president for investor relations.
However, the airline continues to see a relatively stable cabin factor one week after the coup. Increasing passenger demand in April and early May saw the cabin factor reach about 80%.
The plan to acquire eight aircraft ? four Boeing 737-800 jetliners and four Bombardier Q400 Next Generation turboprops ? in stages this year remains on track,
It lans to maintain a cabin factor of 80% for the whole of this year amid the political turbulence.
The airline is working to achieve positive financial performance through several revenue-boosting initiatives and cost controls,
Its first-quarter net profit plunged 90.2% year-on-year to
The airline blamed intensified industry competition,
Its passenger yield dropped by 7.69% to
Production unit costs rose a marginal 0.85% to
The 9.5% depreciation of the baht to an average of 32.80 to the dollar also hit
NOK shares closed yesterday on the SET at
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