BOUTIQUE AIRLINE destination to Thailand instead. The number of family oversea trip from China was also noticeable due to the school break during this period (Source: Ministry of Tourisms and Sports). The
Sports). The Company has increased flight frequencies in Bangkok-Danang route to 7 flights per week, Chiang Mai-Mandalay route to 7 flights per week and Chiang Mai-Mae Hong Son route to 14 flights per week
percent in December 2018 (Source: Ministry of Tourism and Sports). In year 2018, CLMV routes were more focused according to passenger travel demand especially in Vietnam, Laos and Myanmar. The Company
share during the first 3 months of this year (Source: Ministry of Tourism and Sports). In the first quarter of year 2019, the Company has increased flight frequencies in Bangkok-Danang route to 14 flights
percent, was decreased by 8.2 percent. This leads to a slow growth of international tourist arrival to Thailand ( Source: Ministry of Tourism and Sports) . Furthermore, the strengthening of Thai Baht and
) and Germany (11.9% drop) (Source: Ministry of tourism and sports). One of the reason is the effect of FIFA world cup 2018 event hosted in Russia, especially during a month of June, corresponding with an
the 1st quarter ended 31 March Description Unit 2018 2017 2016 1. Liquidity ratio Time 9.48 6.69 9.48 2. Liquidity quick ratio Time 1.47 3.26 6.16 3. Average debt collection time Day 53 62 45 4. Average
quick service restaurant industry. Miyabi Grill: sales was 8.5 Million THB, decreased by 35.4 Million THB or -80.6% YoY due to the fact that the company has endorsed a third party with franchising under