Thai Examiner
Air Asia boss calls on government to postpone 53.4% hike in airport charges for a year over fuel costs
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AirAsia boss Tony Fernandes urges Thailand to delay a 53% airport fee hike, warning airlines are under strain from soaring fuel costs, volatile oil prices and geopolitical risk, as carriers raise fares, cut capacity and warn tourism demand could weak
Key facts
- AirAsia boss Tony Fernandes urges Thailand to delay a 53% airport fee hike, warning airlines are under strain from soaring fuel costs, volatile oil prices and geopolitical risk, as carriers raise fares, cut capacity and warn tourism demand
- AirAsia chief Tony Fernandes is urging the government to delay a 53.4 per cent airport charge hike, saying carriers are still reeling from soaring fuel prices and global instability that could worsen if Middle East tensions escalate and
- With fuel now making up around 60 per cent of airline costs, carriers are already raising fares, cutting capacity, and scaling back routes, while regulators tighten fare controls and demand stays highly price-sensitive.
- AirAsia chief urges Thailand to delay airport charge hike amid airline fuel cost pressure concerns rise
- IEA warns oil prices could surge as Middle East conflict threatens Strait of Hormuz supply risk rises
- AirAsia says rising costs threaten demand as airports charge system seen as unfair to low cost carriers
Summary
Thailand’s aviation industry is under mounting pressure as airlines warn a new wave of cost shocks could hit just as demand remains fragile. AirAsia chief Tony Fernandes is urging the government to delay a 53.4 per cent airport charge hike, saying carriers are still reeling from soaring fuel prices and global instability that could worsen if Middle East tensions escalate and push oil higher again.
AirAsia chief executive officer Tony Fernandes has urged the Thai government to postpone a planned increase in airport charges. He suggested that the hike in charges be deferred for a further 12 months. He said the move comes during a period of sustained cost pressure across global aviation. Moreover, he warned airlines are already under strain from rising fuel costs and geopolitical instability.