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Nok Air Affirms Not To Levy Fuel Surcharge


george

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'Nok Air' affirms not to levy fuel surcharge

BANGKOK: -- One of Thailand's low-cost airlines, Nok Air, today announced that it would not levy a fuel surcharge despite soaring oil prices, noting that despite high fuel costs it was continuing to make healthy profits.

"For as long as Nok Air continues to make profits, we will not impose a fuel surcharge on our passengers", said the airline's chief executive, Mr. Phathi Sarasin.

"At present we have profits of around 10 percent, and we can bear the burden of higher costs".

Fuel costs now account for 30 percent of the airline's total operating costs, but the popularity of the budget airline is helping keep it in the black.

However, Mr. Phathi indicated that the airline might be forced to consider a fuel surcharge if other airlines imposed one.

The airline's chief executive also announced a plan to boost its fleet by another 2-4 aircraft in order to open up new domestic and international routes.

This year it hopes that passenger numbers (load factor) will be as high 80 percent, with a high load factor recorded over the past few months despite the country's southern insurgency.

--TNA 2005-04-08

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