China Airlines seeks CAB OK on higher fuel surcharge
MANILA, Philippines - China Airlines is seeking the approval of the Civil Aeronautics Board (CAB) to raise the fuel surcharge on flight tickets.
“Notice is hereby given that China Airlines has filed with the CAB a petition for authority to impose upward fuel adjustment on international passenger tickets,†the CAB said in a notice posted on its website.
China Airlines, the CAB said, intends to raise the fuel surcharge to $32 from $30 for all passenger tickets originating from the Philippines.
The fuel surcharge forms part of airline ticket prices to allow the carrier to recover the cost of fuel.
Fuel accounts for the bulk of an airline’s operating costs.
The International Air Transportation Association’s (IATA) price monitor showed that jet fuel price reached $114.3 per barrel as of May 31.
The jet fuel price as of May 31 is 1.5 percent higher than in the previous month.
Compared to a year ago though, IATA’s price monitor showed the jet fuel price as of May 31 was lower by 2.9 percent.
The CAB said the hearing for China Airlines’ petition is scheduled on July 9 at the agency’s office in Pasay City.
China Airlines was established in 1959.
It has flights to 106 destinations in 29 countries.
The airline has 53 passenger jets and 21 freighters.
- Latest
- Trending
