Korean airlines to lower fuel surcharges by 9 percent

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Korean airlines to lower fuel surcharges by 9 percent

Korean airlines will lower their fuel surcharges for international and domestic flights by nearly 9 percent next month to reflect the recent drop in jet oil prices, industry sources said yesterday.

Local airlines already have cut the surcharges by 19 percent for this month. Fuel surcharges for round-trip flights to the United States are likely to drop to $244 from the current $266, they predicted.

Those for flights to Europe and Southeast Asia are expected to be set at $234, down from the present $256.

The surcharge system set by the government allows flag carriers to adjust surcharges for overseas routes bimonthly in step with the average price of fuel oil in the previous two months on the Singapore spot market.


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