Air Fuel Surcharges to Fall to 4-Year Low

      October 17, 2014 11:13

      Air fuel surcharges on international flights will fall to the lowest in three years and seven months in November because of a drop in global oil prices.

      According to airline industry insiders on Thursday, the fuel surcharge on flights to the U.S. will fall from US$133 to $112.

      Surcharges on flights to Europe and Africa will fall from $128 to $107, to the Middle East and Oceania from $109 to $91 and to South and Central Asia from $60 to $50.

      For routes to China and Northeast Asia the fee will fall from $38 to $32 and to Southeast Asia from $50 to $42.

      A Korean Air spokesman said benchmark Mean of Platts Singapore prices fell from $125 a barrel in 2013 to $102 on Tuesday.

      Fuel surcharges are set every month, and there is no refund even if the surcharge drops after tickets are bought.

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