provides some important financial data and ratios for the company. Because of the
participation of many low cost airlines, Bangkok Airways witnessed declining revenue growth
from 28 -30% in 2003 -2005 to 5.5 % in 2006-2008. Also, the net income of the firm has been
declining; especially the firm had the foreign exchange loss of 201 Million Baht in 2005. In 2007,
the firm has selling and administrative expenses at 15% higher than the previous year that
made the net income much lower than that of 2006. The high expenses resulted from the
higher oil price. In 2008, the firm had loss for the first time during six years.