Thai AirAsia (TAA) appears to be outperforming the country’s other LCCs, thanks to its greater exposure to the rebounding international-tourist market. The carrier achieved a healthy profit for the second quarter, reversing a loss from the same period last year. TAA’s performance contrasts with that of Nok Air, which remained in the red in the second quarter. While Thai Lion Air does not report earnings, it is also believed to be losing money. A key difference is that Nok and ...

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