Thai Air gets OK to raise international fares
Aug 18, 2001, 5:13 am
#1
Original Poster
Join Date: Oct 2000
Location: Wellington, New Zealand
Posts: 234
Thai Air gets OK to raise international fares
http://www.cnn.com/2001/TRAVEL/NEWS/...eut/index.html
Thai Air gets OK to raise international fares
August 17, 2001 Posted: 11:32 AM EDT (1532 GMT)
BANGKOK, Thailand (Reuters) -- Thai Airways International has been given the green light by the government to increase its international air fares by 1.5 to 10 percent, a minister said on Friday.
"Given a floor and ceiling for air fare rises, it would be more flexible for the airline to be able to adjust its fares in line with the market," Wanmuhamadnoor Matha, Minister of Transport and Communications, told reporters
The move followed Thai Air's request to raise its domestic and international fares by four percent to offset higher fuel costs and foreign exchange fluctuation.
Analysts said passenger services accounted for 70-75 percent of the national carrier's total revenues, of which 65-70 percent were from international routes.
Thai Air made a net loss of 194 million baht ($4.34 million) in the first nine months of its financial year ended June, compared with a net profit of 8.5 billion baht ($190 million) in the same period last year.
The minister said domestic fare increases would be worked out within 15 days before being submitted to the Civil Aviation Board for consideration.
Thai Air gets OK to raise international fares
August 17, 2001 Posted: 11:32 AM EDT (1532 GMT)
BANGKOK, Thailand (Reuters) -- Thai Airways International has been given the green light by the government to increase its international air fares by 1.5 to 10 percent, a minister said on Friday.
"Given a floor and ceiling for air fare rises, it would be more flexible for the airline to be able to adjust its fares in line with the market," Wanmuhamadnoor Matha, Minister of Transport and Communications, told reporters
The move followed Thai Air's request to raise its domestic and international fares by four percent to offset higher fuel costs and foreign exchange fluctuation.
Analysts said passenger services accounted for 70-75 percent of the national carrier's total revenues, of which 65-70 percent were from international routes.
Thai Air made a net loss of 194 million baht ($4.34 million) in the first nine months of its financial year ended June, compared with a net profit of 8.5 billion baht ($190 million) in the same period last year.
The minister said domestic fare increases would be worked out within 15 days before being submitted to the Civil Aviation Board for consideration.
Aug 19, 2001, 7:14 pm
#2
Join Date: Nov 2000
Location: The World! Home Base = DCA/IAD
Programs: HHonors, Hyatt GP, Marriott, Varying Levels w/ UA /AF /DL /SQ /AA
Posts: 2,666
Hike the fares, fine!
And the service levels?
...and the service levels?
...and the service levels are the same? Golly, they DO need competition. I think it's called SQ. Wake up, TG! Get a lay-flat 1st product and be consistent about it! Some of us actually *do* care!
Will
And the service levels?
...and the service levels?
...and the service levels are the same? Golly, they DO need competition. I think it's called SQ. Wake up, TG! Get a lay-flat 1st product and be consistent about it! Some of us actually *do* care!
Will
Aug 25, 2001, 3:24 pm
#3
Original Poster
Join Date: Oct 2000
Location: Wellington, New Zealand
Posts: 234
Now that we have reloacted to NZ, we fly BKK-AKL route regulaly. Even though we are Thai's still we have a thumb down for TG lately. Also, having a fuel stop in SYD means that I do not arrive any faster than SQ/NZ service.
Now talk about inflight entertainment. You know who beats who hand down....
Now talk about inflight entertainment. You know who beats who hand down....