Thai Air to Raise Fares as Fuel Costs Soar and Demand Surges

Thai Airways International Pcl will raise ticket prices by 10% to 15% to offset surging fuel costs as the state-controlled carrier grapples with “overwhelming” demand from customers shifting travel plans from the Middle East to Europe, said Chief Financial Officer Cherdchom Therdthirasak.

Most of the carrier’s flights to Europe this month reached about 90% of seat capacity, Cherdchom said in an investor video conference on Wednesday. Thai Air has room to raise the fuel surcharge further if oil prices continue to climb, she said.