Corporate News: Emirates seeks to hike fuel surcharge rates

Posted on August 02, 2013

bworldonline.com

http://www.bworldonline.com/content.php?section=Corporate&title=emirates-seeks-to-hike-fuel-surcharge-rates&id=74351

INTERNATIONAL carrier Emirates have asked the approval of regulators for a planned increase in its fuel surcharge rates.

The Dubai-based airline asked the Civil Aeronautics Board (CAB) to allow them to impose up to 11.67% higher fuel surcharges on international passenger tickets, a bulletin published on a newspaper yesterday showed.

Emirates said it wanted to impose a $150 surcharge from the existing $140 per passenger for one-way economy class flights to Middle East, and to countries like Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates.

The airline also wants to increase the surcharge to $295 from $270 for passengers for one-way business class flights to the same routes.

The airline also said it wanted to impose higher surcharges on its one-way flights to Europe and Africa. It wants to raise the fuel surcharge to $165 from $155 per person for economy class passengers, and $325 from $300 per person for business class passengers.

The airline also wants to impose higher surcharge on its one-way flights to North America and South America. It plans to raise the surcharge to $170 from $155 per person for the economy class and $335 from $300 per person for the business class.

Fuel surcharges are included in the ticket prices. It allows the carriers to cover the cost of rising jet fuel prices.

The hearing for Emirates’ petition has been set on Aug. 13 at the CAB office located on Old MIA Road, Pasay City.

Data from the International Air Transport Association’s Jet Fuel Price Monitor showed that global jet fuel prices have risen 2.1% to $122.3 per barrel as of July 26 from the same period last year.

Emirates is the largest airline in the Middle East, operating over 3,000 flights per week from its hub at Dubai International Airport, to more than 130 cities in 77 countries across six continents.

The airline ranks among the top 10 carriers worldwide in terms of revenue and passenger kilometers. — Ma. Soccoro D. Villamor

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s