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the continuous recovery of the tourism sector, the private consumption and the private investment, while the headline inflation rate averaged of only 1.2%. The unemployment rate in 4Q/2023 was slightly
supported by the allocation and disbursement of the government’s budget and continued expansion in the export sector. Additionally, industrial production resumed growth leading to further expansion. As a
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1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 September 2019 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok
(Restate) 2018 YoY Total Revenue 46,306 53,461 48,781 5% -9% 172,138 192,025 12% Accounting EBITDA 3,616 4,161 (317) -109% -108% 13,421 10,201 -24% Refinery and Trading Business Group 1/ 2,256 2,140 (1,419