Airlines
Trade Tensions, Fuel Costs Weigh on Southeast Asian Airlines
Operating losses at Thai Airways reflect a wider slump throughout Southeast Asia.
Rising fuel costs halved Singapore Airlines' profit during its last fiscal year. (Photo: Singapore Airlines)
Rising fuel costs halved Singapore Airlines' profit during its last fiscal year. (Photo: Singapore Airlines)

Despite occupying a market of rapid growth and huge potential, Southeast Asia has a market for full-service operators that is becoming increasingly uncertain as airlines look to restructure amid external conditions varying from rising trade tensions and volatility in oil and currency markets to intensifying competition from low-cost carriers (LLC). Among those feeling the crunch, Thai Airways reported an 83 percent drop on Thursday in its year-over-year first-quarter profits due to declining passenger yields and the appreciation of the Thai baht against major currencies.


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