The Civil Aviation Authority of Thailand (CAAT) has announced that airfares will drop next year, bringing a breath of fresh air to travelers.
With the influx of licensed Thai Airways and the advent of a new batch of aircraft, airfares will become cheaper.
According to the latest news from CAAT today (December 27), eight top-notch Thai airlines have obtained aviation operator licenses from Transport Minister Suriya Juangroongruangkit. A total of 60 aircraft are expected to enter service in 2024.
Among the selected pilots, five are from Thailand, including the fun rebranded Ezy Airlines (formerly Landarch Airlines), Pattaya Air, the ultra-sleek P80 Air, the trendsetting Real Cool Airlines, and Siam Seaplane. With a huge investment of up to 3.85 billion baht, these air entrepreneurs are eagerly waiting to get their aviation operator certificate to kick off their flying carnival.
However, CAAT wisely reminds us that airlines, like any savvy business, need to be profitable. According to the Bangkok Post, there is no need to worry even if some flights are just teetering on the edge of profit, as they assure us that the ticket price will remain within the maximum price specified by the authorities.
Thai Airways authorities have pledged that all airlines will continue to comply with the ticket price cap to ensure that your holiday budget does not crash unexpectedly.
CAAT has introduced a helpful travel tip – book your tickets early. According to the authorities, an earlier booking guarantees that your flight is affordable and makes your trip more cost-effective.
CAAT shares the industry's layoff secrets – downsizing personnel, streamlining fleets, streamlining infrastructure, and improving management systems. Fast forward to the present, and air travel is in short supply, resulting in a 17% increase in global airfares. CAAT attributed part of the national price spike to the expiration of the excise tax relief on jet fuel in July, which further added to the local situation.
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