Thai airlines, which reported mixed financial results in the first three months of 2026, will remain under pressure in the second and third quarters from the oil price spike as the uptick in airfares and fuel surcharges are insufficient to cover the surge in costs.
The tourism and aviation outlook this month reflects the impact of the US-Israeli war with Iran, with elevated jet fuel prices continuing to weigh on airlines, particularly low-cost carriers, which face the highest risk, said Dithanop Vattanawakin, aviation analyst at Krungsri Securities.
