AirAsia says jet fuel prices, which rose 66% in the second quarter to an average of $183 a barrel, are forcing it to raise fares. Its CEO says demand remains strong and bookings for the fourth quarter look solid, with load factor at 80% in the third quarter. The airline posted a 831 million ringgit net loss for the quarter, and Reuters reported Malaysia has discussed whether rivals could absorb its domestic share. For Thai SMEs in tourism, logistics or travel services, budget for higher airfares and fuel-linked costs, and expect the airline to keep Thailand routes running for now.
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