Bangkok Aviation Fuel Services Public Company LimitedQ3 recovery on higher Suvarnabhumi traffic and Q4 support from China's National Day holiday and tourism stimulus drive fuel demand.
Bangkok Aviation Fuel Services Public Company Limited, or BAFS, expects its third-quarter 2026 performance to recover due to increased traffic at Suvarnabhumi Airport following the easing of the Middle East crisis. Meanwhile, the fourth quarter will be supported by China's National Day holiday and government tourism stimulus measures, driving strong EBITDA growth. The company has extended its Into-Plane Services contract with Airports of Thailand for three years and six months to reduce uncertainty, and is expanding its clean energy portfolio with a total installed capacity of 52 megawatts. It also plans to commence commercial operation of additional solar rooftop projects, as well as the Surat Thani community waste-to-energy plant, in which it holds a 30% stake, with COD expected by the end of this year, bringing total capacity to 56 megawatts.
Bangkok Aviation Fuel Services Public Company LimitedQ3 recovery on higher Suvarnabhumi traffic and Q4 support from China's National Day holiday and tourism stimulus drive fuel demand.
Airports Of Thailand PCLBAFS cites increased traffic at Suvarnabhumi Airport and extended its Into-Plane Services contract with Airports of Thailand, boosting AOT-related activity.