AVIATION
Nok Air beats earnings goal with B220m
- Published: 16/01/2012 at 02:47 AM
- Newspaper section: Business
Nok Air posted a better-than-expected profit last year despite higher costs inflated by the devastating floods in the fourth quarter.
The budget airline ended 2011 with net earnings of close to 220 million baht, higher than the 193 million it estimated when the deluge hit its home base at Don Mueang Airport on Oct 25, forcing it to flee to Suvarnabhumi Airport. The evacuation cost about 100 million baht, said chief executive Patee Sarasin.
Earnings for the first three quarters cushioned the negative flood impact.
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About the author
- Writer: Boonsong Kositchotethana
- Position: Deputy Editor Business
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