Thai airlines plan to explain the accusations of raising ticket prices amid higher jet fuel costs. The Airlines Association of Thailand (AAT) announced it will host a seminar to clarify airfare structures and CAAT price regulations following consumer complaints.
Nok Air CEO Wutthiphum Jurangkool stated that price increases mainly occurred during extended holidays due to high demand, impacting last-minute bookings. The 42 year old clarified that airlines adjusted fares in response to rising operational costs, especially jet fuel expenses, rather than excessively raising average prices for extra profit.
Wutthiphum mentioned the rising jet fuel cost, hitting US$119 (4,232 baht) per barrel, exceeding IATA’s 2023 estimate of US$98.5 per barrel. He highlighted airlines’ struggles during the low-demand season, making it difficult to cover these…
