HIGH fuel costs have battered Thailand's aviation industry, leaving flag carrier Thai Airways groaning under its losses while smaller operators struggle to survive
Oil prices jumped above 147 dollars per barrel on July 11. They have since fallen but remain volatile, casting a cloud over an industry that had seen a fleet of new players taking off.
Thai Airways International blamed fuel costs, as well as a massive foreign exchange loss, for its 9.23 billion baht ($274.3 million) loss in the second quarter - its worst quarterly showing in a decade.
