SET-listed Nok saw its average quarterly fare decline by28% from the first quarter of baht per flight sector.
TAA's average quarterly fare tumbled 20% over the same period to 1,789 baht,according to figures complied by the SCB Economic Intelligence Center.
Fierce competition and sluggish travel demand caused with last May's coup and subsequent imposition of martial law were cited for the falling fares.
TAA's revenue was 6.02 billion baht in the first quarter of 2013,edging up to a high of 6.5 billion in the fourth quarter of 2014 before tapering off to 5.55 billion in the third quarter of 2014.