ฝันร้าย ธุรกิจเติมน้ำมันเครื่องบิน ของ BAFS /โดย ลงทุนแมน
ธุรกิจสายการบินทั่วโลก ได้รับผลกระทบอย่างหนักจากการแพร่ระบาดของ COVID-19 สายการบินหลายแห่งเสี่ยงต่อการล้มละลาย เนื่องจากไม่สามารถทำการบินได้
เมื่อสายการบินไม่บินหรือบินน้อยลง ก็ไม่มีความจำเป็นต้องเติมน้ำมันบ่อยเหมือนช่วงเวลาปกติ
และเรื่องนี้กำลังสร้างฝันร้ายให้กับธุรกิจให้บริการเติมน้ำมันให้สายการบิน...
Continue ReadingNightmare. Business fueling the BAFS plane / Investing manly
Global Airline Businesses are heavily affected by COVID-19 epidemic. Many airlines risk bankruptcy because they can't fly.
When the airline doesn't fly or fly less, there is no need to refuel as often as usual.
And this is creating nightmares for airline refuel service business.
One of them is a Thai company named BAFS.
How interesting is this story
Invest. Man will tell you about it
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If you ask whether Thailand's aircraft refill service business is highly competitive, the answer is no.
Due to the nature of businesses that require high investments, matters must also be concession or allowed by the airport.
When things go like this, it makes this business less competitive because of the overwhelming obstacles in entering a new service provider business.
Currently in Thailand, the largest provider in the airline refuel business is Bangkok Airways Fuel Service Company Limited or BAFS.
By the main income structure of the company comprises.
1) 78 % airplane refuel service income.
2) 21 % pipeline oil service income
3) Other income 1 %
When you look like this, you will see that BAFS's main business is servicing to refuel the aircraft.
So what Airport Aircraft Refuel Service BAFS now?
Currently, the company is an investor and operates to provide gas-refill service to all 5 airports: Suvarnabhumi Airport, Don Mueang Airport, Samui Airport, Sukhothai Airport, cuddle Y and Trat Airport.
At Suvarnabhumi Airport, there are only 2 concessions for oil service to the airline.
BY BAFS HAS 89 % MARKET SHARE
While the remaining 4 airports, BAFS is the only airplane refueling provider or 100 % market share.
This is the highlight of the company and makes BAFS the largest airline of Thailand's largest airline refill business.
The amount of transportation into airports of planes has a direct impact on company's income.
If the tourism industry grows well, the company will have customers, which is airline to use.
But if not, what happens will be a corporate nightmare like what's happening right now.
Government in many countries must announce temporary entrance-exit from international airplanes.
This is why the number of passengers and number of flights BAFS provides refill service at Suvarnabhumi Airport and Don Mueang Airport.
Quarter 1/2562, 28.4 million passengers, 79,535 flights.
Quarter 1/2563, 19.6 million passengers, 64,613 flights.
When the number of flights coming to refuel service drops, it's not strange that both BAFS income and profits are heavily decreasing.
1/2562th quarter. Income 1,025 million baht. Profit of 368 million baht.
1/2563th quarter. Income 867 million baht. Profit of 153 million baht.
Income decreased by 15 % while profit decreased by 58 %
It's called refuel service business. It's going to be cuddle budget. It's not allergic to airline business and airport business.
And as everyone knows, the 2rd quarter, aviation related businesses will hit harder than the 1th quarter.
But BAFS has a relatively good financial status. Different from airline with a lot of debt. It should make this company go through this crisis after this incident unfolds.
However.
This may tell us that even a business that seems like a monopoly and almost sleeps without a rival can be an unexpected crisis at any time as BAFS is now facing.
It's similar to a familiar sentence that many people have heard. That's ′′ certainty is uncertainty ′′ which can happen to anything about work, living and investment..
Ending with interesting information
Did you know that BAFS big shareholders are companies, airlines, airports and oil companies, including Esso, PTT., Shell, Chefron, Thai Airport, Bangkok Airways and many people may not know the biggest shareholders. BAFS is ′′ Thai Airways ′′ which holds 22.59 % of this company..
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References
- Form 56-1 Year 2562 Bangkok Aviation Fuel Service Company Limited (Public)
- Management Discussion and Analysis Quarter 1 Ending 31 Mar. 2563 Bangkok Aviation Fuel Service Company Limited (Public)Translated
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