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Tuesday, May 7, 2024

Thai AirAsia CEO urges government to curb rising travel costs

Image by Laude Creator from LC Photographer.

Thai AirAsia‘s chief executive Santisuk Klongchaiya advocates for government intervention to mitigate escalating travel expenses for tourists, alongside the visa-free scheme for Chinese visitors. He justifies this by citing the disproportionate resumption of travel demand compared to the supply side, particularly in the airline industry, in the past year.

Thai AirAsia’s capacity to serve China routes has notably reduced. Previously, they operated 148 flights per week, but currently, they only manage 104 flights per week. This reduction has caused the average airfare in the first quarter to spike by 100-200% compared to the corresponding period in 2019, with the average load factor surpassing 80%.

However, the airline reports a decrease in airfares for Chinese routes during the off-peak season due to seasonal factors and slow…

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