AirAsia's co-founder says jet fuel costs, which rose 66% in the second quarter to an average of $183 a barrel, are hitting the airline hard, and it is adjusting fares to pass on higher costs. AirAsia posted a 831 million ringgit net loss for the quarter and its shares fell after a Reuters report that Malaysia's government was planning for its domestic share to be absorbed by rivals. For a Thai SME, expect higher airfares and freight-related costs on regional travel and budget for fuel-driven price increases in travel and logistics. Fernandes said Thailand is among the markets he is optimistic about, and he reported 80% load factor for the third quarter.