THAI HAS NO PLANS TO RAISE FUEL SURCHARGE

Thai Airways has no plan to raise its fuel surcharge as global oil prices remain stable, president Piyasvasti Amranand told reporters.

He said the airline sees higher fuel hedging at 80 percent in the third quarter compared with 60 percent in the previous quarter.

The airline expects to gain from fuel hedging of THB1.5 billion - THB1.8 billion baht (USD$110.7 million) in the first half of this year.

Thai Air is on track to meet its 2011 revenue target of more than THB200 billion baht as its revenue tracks oil price movement.

(Reuters)