Key moves from the past week include:
Governments and airlines play the guessing game as to how long the conflict could last, with the Thai Ministry of Tourism’s worst case scenario of an 8-week air closure estimating 41 bil THB lost in tourism revenue and 600k fewer international arrivals.
Tony Fernandes stated that airlines were “pretty powerless” in the current geopolitical climate, but that AirAsia is “fundamentally strong to weather this temporary storm”.
Malaysia Airlines, Firefly, Batik Air, Lao Airlines and Thai Airways all announce they will start to add fuel surcharges. To combat rising jet fuel prices, the Philippines directed the Civil Aviation Authority of the…