December 20, 2008
BANGKOK (AFP) - Thai Airways (THAI) announced Friday it would cut its fuel surcharge by 40 percent per international flight with immediate effect, following further falls in global oil prices.
Thailand's biggest carrier also said it would slash the surcharge on domestic flights as oil prices fell to just over 36 dollars per barrel, the lowest in more than four years.
"THAI will implement a new fuel surcharge rate resulting from the declining world oil prices," Pandit Chanapai, the carrier's executive vice president said in the statement.
The statement said international passengers will pay surcharges based on flight distance, ranging from 14.50 dollars to 89.50 dollars, while domestic passengers will pay 11.50 dollars, down from 21.00 dollars.
Thai Airways cut fuel surcharges on international flights by 30 percent on November 6, following earlier falls in global oil prices, which had been climbing to July when they reached 147 dollars per barrel.
Thai Airways is controlled by the Thai government, which holds a 54.21 percent stake.
