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Thailand: Aerothai predicts 38% drop in local air travel

Thailand’s third outbreak of Covid-19 is predicted to send domestic air travel tumbling by 38% this fiscal year, according to the Aeronautical Radio of Thailand Ltd (Aerothai). Third wave infections, which began early last month, are spreading quickly across the kingdom and are expected to reduce the volume of domestic air travel by September. Aerothai […]

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Vietnam: Local airlines raise ticket prices from May 9

Airlines noted a higher system administration fee would help airlines raise their services quality, especially in ticket sale system. Local airlines including Vietnam Airlines, Pacific Airlines, Vasco and Bamboo Airways are scheduled to raise their respective system administration fees by VND100,000 (US$4.37) per flight, which will be incorporated into current air ticket fares. Under the […]

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Philippines: BSP seen to keep rates at record lows

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may keep interest rates at record lows this week amid the projected slow recovery from the pandemic-induced recession and steady inflation for the month of April. In its latest economics insights, Bank of the Philippine Islands (BPO) said the Monetary Board may keep its policy rate […]

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