Thai Airways International is increasing ticket prices by 10-15 percent as jet fuel prices surge due to the conflict in the Middle East, Bangkok Post reports.
The airline says the move is necessary to cover sharply higher operating costs.
Chai Eamsiri, chief executive of Thai Airways International, said jet fuel prices have risen from about 80 US dollars per barrel before the conflict to around 220, and could reach 240 if the war continues for another two months.
“We only aim to cover fuel expenses to ensure survival. Without raising fares, the organisation cannot continue,” he said.
The impact is already being felt by travellers. Demand has softened, with fewer advance bookings ahead of the Songkran holiday. Some passengers are holding back, waiting for more clarity before making travel plans.
The airline is also considering introducing higher fuel surcharges, pending approval from authorities.
Despite the pressure, Thai Airways plans to continue key investments, including new routes and aircraft deliveries.
