The jet fuel service business, which was subdued by Covid-19, is expected to make a strong recovery in 2023.
Bangkok Aviation Fuel Services Plc (BAFS) expects its jet fuel sales to increase by 40% to 4.2 billion litres this year, up from 3 billion litres in 2022, thanks to the lifting of international travel restrictions.
The Thai aviation fuel service provider should be able to exit bad business conditions, which plagued the company for the past three years, and return to profit in the first quarter of 2023, said president ML Nathasit Diskul.
Jet fuel sales should increase to 13.8 million litres a day this year, up from 11.7 million litres in 2022.
The company previously recorded daily sales of 16.8 million litres before…
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