Thai Airways cuts fares by up to 30pc

Dhaka: Thai Airways has reduced ticket prices by 20 percent to 30 percent on selected routes following a sharp decline in global jet fuel prices.

According to reports, the airline lowered both base fares and fuel surcharges after aviation fuel prices fell from around USD 240 per barrel to about USD 110 per barrel as geopolitical tensions in the Middle East eased.

The airline said it had established a dedicated team to closely monitor fluctuations in fuel prices during the recent conflict. Once prices began to stabilize, Thai Airways decided to pass some of the savings on to passengers.

Before the Middle East tensions pushed prices higher, Jet A-1 aviation fuel had been trading at about UDS 90 per barrel. Although fuel prices remain above that level, the recent decline has enabled the carrier to reduce operating costs.

Thai Airways said it will continue monitoring global oil markets, noting that fuel supplies remain under pressure in some regions due to refinery disruptions.

The fare reduction is part of the airline's strategy to strengthen its competitiveness and attract more travelers, while avoiding an industry-wide price war. The carrier expects the lower fares to stimulate demand as international travel continues to recover.