1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 31 March 2020 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok Airways

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 June 2017 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok Airways

decreased from the Corporate customer in airline business. 2.2 Revenue from Contact Center Facility Outsourced for the three-month period was THB 4.3 million, increased from the prior period and the same

, comprising of 30 planes of AirAsia, the number one low cost airline in Asia, 30 planes of Thai Lion Air and 20 planes of Nok Air.  Aero Media has also secured a contract to manage media at Samui airport and

million baht for the nine- month period. A significant increase resulted from the new Labor Protection Act reflecting past cost related 19 ASIA’S BOUTIQUE AIRLINE to employee benefits in income statement

Microsoft Word - MD&A Q12018- ENG.doc 1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the three-month period ended 31 March 2018 Bangkok Airways Public Company Limited and Its

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the three-month period ended 31 March 2018 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE

BOUTIQUE AIRLINE Unit: million baht January-December 2019 2018 Variance Amount % Financial cost paid to the Samui Airport Property Fund (SPF) 1,359.6 1,467.6 (108.0) (7.4) Interest and Fee expenses (1) 409.9

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 June 2019 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok Airways

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 June 2018 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok Airways