Nok Airlines' first-quarter net profit plunged 90.2% year-on-year because of the more intense competition, the political turmoil in Thailand and a weakened baht against the US dollar.
Nok Air's profit in the first quarter drops by 90.2%.
The budget carrier's earnings for January-March was 40.9 million baht, down from 416.1 million baht recorded in the same period last year, the company said in its filing to the Stock Exchange of Thailand on Friday.
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