Domestic airlines to trim fuel surcharges by around 8%

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Domestic airlines to trim fuel surcharges by around 8%

Korean airlines will lower their fuel surcharges for international and domestic flights next month to reflect the recent drop in jet oil prices, airline officials said yesterday.

Fuel surcharges they add to one-way flights to the United States will be $165 next month, down from $176, the officials said.

They added that surcharges on flights bound for Europe and Southeast Asia will be readjusted to $158 and $62, respectively, next month, down from $168 and $66.

They also said the surcharges on domestic flights are expected to drop slightly next month from the current price of 13,200 won ($12). A decision is expected next week.

Fuel surcharges that airlines add to international and domestic flights reflect fluctuating oil prices and are set based on the mean price of oil traded through Singapore.

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