File: AirAsia and Nok Air planes seen at Thailand's Don Mueang International Airport
BANGKOK: Thailand’s low-cost carriers saw share prices falling nearly 7% in morning trade in Bangkok on Friday after they reported losses due to tough competition and higher fuel costs.
Asia Aviation Pcl, AirAsia Group Bhd’s partner in Thai AirAsia, reported a loss of 306 million baht (US$9.21mil) for its April-June period versus a profit of 170 million baht a year ago, sending its shares down over 4%.
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