Thai Airways International will raise ticket prices by 10% to 15% to offset surging fuel costs.
Most of the carrier’s flights to Europe this month reached about 90% of seat capacity, the airline said on Wednesday. THAI will raise the fuel surcharge further if oil prices continue to climb, the chief financial officer said.
“Passengers planning to travel should secure their tickets as soon as possible before fares rise further,” she said. “Over the next two weeks, tickets will be extremely limited across both European routes and other destinations.”
Airlines globally are under mounting pressure from higher jet fuel prices, one of the industry’s largest operating costs, as crude oil remains volatile amid the Middle East conflict, which is threatening supply.
Carriers have responded by raising fares and fuel surcharges, testing travellers’ willingness to absorb higher ticket prices even as international travel demand remains resilient.
It’s too early to give an outlook for second-quarter passenger demand because of the volatile situation in the Middle East, the CFO said.
