Thai Airways to increase ticket prices by up to 15% on rising fuel costs

Rising crude oil prices directly impact aviation fuel costs, a major component of airline operating expenses. The ability to pass on these costs through fare hikes is critical for profitability.

• •Thai Airways implementing 10% to 15% fare increase.
• •Reason for increase: rising fuel costs and supply chain issues.
• •Increases are fuel surcharges and within current price ceiling.
• •Positive advance bookings in March and passenger diversions from Middle Eastern airspace noted.
• •Risk flag: Sustained high crude oil prices