frequencies due to passenger seasonal demand as follows; Bangkok – Mandalay from 7 flights per week to 11 flights per week (July 2018) Chiang Mai– Mandalay from 7 flights per week to 4 flights per week
ASIA’S BOUTIQUE AIRLINE Notable Events Airline Business 1. In 2019, the Company has revised flight frequencies due to passenger seasonal demand and has increased flight frequencies, operated new routes
seasonal (Q1) average. However, Cash collection in Q1/2020 is lower than that of Q1/2019 because of the sizeable payment from one significant debtor. The company forecasted that the actual impact from COVID
, are still be able to perform according to the agreed terms. The company has managed to maintain target cash collection and close to historical 3-years seasonal (Q1) average. However, Cash collection in
season and seasonal price decline of our key feedstock, butane, should further improve US MTBE demand and spreads in summer months. The demand for downstream markets of our HVA portfolio remained healthy
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revenue from Availability Payment (AP) of Sriracha Power Plant declined from lower seasonal Weight factor. In addition, Sriracha Power Plant and IRPC-CP had maintenance shutdown in Q4/2018. Management
benefited from seasonal factors during the second quarter of every year that the sky is clear, with lowered clouds and fog. Whereas, the electricity sales of the “Lom Ligor” project adjusted downward, due to
to the increased in sales volume despite the declined in natural gas prices. • Very Small Power Producer (VSPP) and other: The gross profit decreased by Baht 24 million mainly due to the seasonal