aviation & tourism
Thai Airways International (THAI) and sister budget airline Thai Smile are facing strong competition in Thailand's fast-growing domestic air travel market as no-frills carriers flex their muscles in pursuit of the market leader.
The group saw its market share drop to 29.3% last year, down from 33.7% in 2012 and 35.6% in 2011.
Major no-frills operators Thai AirAsia (TAA) and Nok Air saw their respective market shares last year grow to 27.8% and 27.2%, putting them only slightly behind the flag carrier.
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