April 26, 2024
Industrials
Korean airlines to impose fuel surcharge from Feb.
[THE INVESTOR] South Korean airlines have decided to impose a fuel surcharge on international passengers from next month, market observers said on Jan. 16.
The move comes as the average price of jet fuel came to US$65.38 per barrel in Singapore, or about $1.56 per gallon.
Local airlines have obtained approval to impose a fuel surcharge when the average price exceeds $1.50 per gallon, according to observers. The amount of surcharge will vary, depending on the airline and travel distance.
South Korean airlines have not imposed any fuel surcharge since September 2015. They will also up the fuel surcharge on domestic passengers to 2,200 won ($1.86) from the current 1,100 won from next month.
Fuel surcharges on domestic flights are imposed when the average fuel price exceeds $1.20 per gallon.
(theinvestor@heraldcorp.com)
The move comes as the average price of jet fuel came to US$65.38 per barrel in Singapore, or about $1.56 per gallon.
Local airlines have obtained approval to impose a fuel surcharge when the average price exceeds $1.50 per gallon, according to observers. The amount of surcharge will vary, depending on the airline and travel distance.
South Korean airlines have not imposed any fuel surcharge since September 2015. They will also up the fuel surcharge on domestic passengers to 2,200 won ($1.86) from the current 1,100 won from next month.
Fuel surcharges on domestic flights are imposed when the average fuel price exceeds $1.20 per gallon.
(theinvestor@heraldcorp.com)
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