Thailand’s aviation sector is ready to soar, fuelled by a surge in air travel and jet fuel demand, according to Bangkok Aviation Fuel Services Plc (BAFS). The refuelling giant, which serves Suvarnabhumi and Don Mueang airports, is eyeing a bright future as the aviation industry bounces back from the pandemic slump.

 

BAFS President ML Nathasit Diskul revealed the company’s impressive expected 18% year-on-year revenue growth, forecasting a staggering 3.6 billion baht this year. "One of the key reasons for this trend is the increase in air travel, which has driven up jet fuel consumption," said Diskul.

 

Between January and June, Thailand’s jet fuel usage skyrocketed by 17%, reaching an impressive 15.7 million litres per day, up from 13.5 million litres, according to the Department of Energy Business. A booming tourist season, visa-free entry, and an uptick in flights over extended holidays have all contributed to this surge.

 

 

 

 

Looking ahead, BAFS projects a 16% jump in jet fuel sales in 2024, expecting to pump 5 billion litres, up from last year’s 4.3 billion litres. With the aviation sector picking up steam, the Bank of Thailand noted a rise in foreign tourists in July, with 3.1 million arrivals, up from 2.7 million in June. Visitors primarily from Malaysia, China, Russia, and Europe helped drive these numbers, despite a slight dip from Middle Eastern and Indian tourists.

 

Airports of Thailand (AoT) also has ambitious plans to upgrade Suvarnabhumi Airport’s capacity to accommodate 80 million passengers annually by 2031. This follows the opening of a new satellite terminal last year, boosting capacity from 45 million to 60 million. AoT President Kerati Kijmanawat emphasized the company’s goal to see Suvarnabhumi among the top 20 airports worldwide within five years.

 

With both BAFS and AoT committed to scaling up operations, Thailand’s aviation sector appears to be on a clear path to recovery and growth, ushering in a new era of heightened connectivity and bustling travel activity.

 

File photo for reference only

 

-- 2024-09-17

 

 

Hopefully, lower flight prices are involved as well.

Here we go again.another hub. These people are so far up there own orifice, It's now a world wide joke.

10 hours ago, MarkBR said:

Hopefully, lower flight prices are involved as well.

Doubtful....

Short sighted as usual

“ Ready to soar” certainly doesn’t mean it’s going to. Do the right thing and correctly adjust your prices in a downward direction and that would certainly help but I’m not holding my breath. This is Thailand I’ll wait for the price increase instead.

Sooner BA starts flying direct from UK to Thailand again and hopefully bursts TA bubble the better

2 hours ago, hotchilli said:

Doubtful....

Unfortunately, I agree airlines seem not to realise that to generate more passengers they need take actions to lower flight prices from locations where many passengers come from.

Really,you can fool some of the people some of the all the people some of time but you can't fool all the people all the time