Thai Airways International plans to increase ticket prices to cope with the soaring fuel costs.

Thai Airways International, the state-owned airline of Thailand, will increase ticket prices by 10% to 15% to cover the sharply rising fuel costs. Rut Rugsumruad, the financial director of the airline, stated in a video conference with investors on Wednesday that if oil prices continue to rise, the company still has room to increase fuel surcharges. Chief Financial Officer Cherdchom Therdthirasak mentioned that demand for round-trip tickets to Europe and other destinations serviced by Thai Airways International is "extremely strong" as some passengers are transferring from other airlines in the Middle East region. He stated that the majority of flights to Europe this month have a seat occupancy rate of 90%.