For example ,Thai AirAsia is also studying the addition of new routes serving Chumphon, Buri Ram, Ranong, and Mae Sot in Tak province.
Besides , The fall in jet fuel price, Asia Aviation plans to cut Thai AirAsia's fuel surcharge for all international routes. (The fuel charge is supposed to rise or fall in line with movements in fuel prices.) We estimate fuel surcharge accounts for 7% of AAV's total revenues.
Many, caught off-guard by the steady and wide-margin free fall in fuel costs, are still paying pre-plunge prices for forward volumes resulting from hedging, say airline executives.
To protect themselves against wild fluctuations and upside price trends, which have been the case in the past, they hedged relatively heavily.
For instance, flag carrier Thai Airways International (THAI) reportedly has as much as 70% of its jet fuel requirement hedged at about US$90 a barrel, compared with $66.35 a barrel quoted on Singapore's spot market on Tuesday.