Volatile oil prices continue to cast a shadow over any recovery in the aviation sector, even as tourism shows signs of improvement as a result of border entry relaxations during the first quarter this year.
“The airline business has grappled with the pandemic for more than two years. Oil prices account for 30% of operational costs, and at $100-110 per barrel right now the situation has worsened,” said Nuntaporn Komonsittivate, head of commercial operations at Thai Lion Air (TLA).
TLA adjusted domestic frequencies to meet a load factor target on each flight and reduce losses from high fuel prices because the airline cannot…
