High prices blamed on jet fuel surge
Airlines are defending their expensive tickets, saying the rates reflect a spike in operational costs due to surging fuel prices and several other factors.
Wutthiphum Jurangkool, Nok Air chief executive, said airlines are also facing a surge in prices of several items in the aviation supply chain following the pandemic.
These include the price of jet fuel, which accounts for about 30% of overall operations, due to the Russia-Ukraine war, as well as an increase in the price of spare parts and aircraft insurance, said Mr Wutthiphum.
Other major costs derive from a longer…
