percent. (Source: Ministry of Tourism and Sports). 3 ASIA’S BOUTIQUE AIRLINE For the overall Thailand tourism industry in 2019 increased only 4.2 percent. Tourists from South Asia region had the highest
highest growth in Europe at 26.6 percent, followed by Austria, Germany, and Spain at 20.8 percent, 13.2 percent, and 12.9 percent respectively (Source: Ministry of Tourism and Sports). The Company has
, followed by Austria, Germany, and Spain at 20.8 percent, 13.2 percent, and 12.9 percent respectively (Source: Ministry of Tourism and Sports). The Company has increased flight frequencies in Bangkok-Phu Quoc
Tourism and Sports) Due to the covid-19 pandemic which severely has affected to airline industry since late of year 2019. The Company decided to suspend and terminate some routes during March 2020 to match
Ratio Item Unit Y2019 Y2018 Y2017 1.Current Ratio Times 11.21 9.28 9.42 2.Quick Ratio Times 2.06 1.38 3.16 3.Collection Period Day 33 33 46 4.Payment Period Day 74 84 96 5.Sales Inventory Period Day 723
8.48 M.Bht 2. Financial Status and Major Financial Ratio Item Unit Y2017 Y2016 Y2015 1.Current Ratio Times 9.42 5.86 1.98 2.Quick Ratio Times 3.16 2.70 0.68 3.Collection Period Day 46 41 43 4.Payment
Times 9.28 9.42 5.86 2.Quick Ratio Times 1.38 3.16 2.70 3.Collection Period Day 33 46 41 4.Payment Period Day 84 96 76 5.Sales Inventory Period Day 660 466 272 6.Fixed Asset Turnover Times 2.7 1.98 2.01 7
Tourism Authority of Thailand, namely “Amazing Thai Taste” (Source: Ministry of Tourism and Sports). The number of passengers of Bangkok Airways increased by 4.5 percent for the second quarter of 2017. The
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