No fuel surcharge imposed on flights for another month

Home > Business > Industry

print dictionary print

No fuel surcharge imposed on flights for another month

Korean airlines will not impose fuel surcharges on international routes in September amid a plunge in travel demand due to the coronavirus pandemic, industry sources said Tuesday.
 
The surcharge for one-way tickets on international routes will stay at zero in September, unchanged from August, according to the sources.
 
Local air carriers' fuel surcharges on international routes will thus remain at zero for the sixth straight month, raising expectations that the zero rate may continue down the road.
 
If the average jet fuel price on the Singapore spot market rises over $1.50 per gallon, Korean airlines are allowed to impose fuel surcharges starting one month later.
 
If jet fuel prices drop below the threshold, no surcharge is collected. There are 10 levels of surcharges, depending on the length of the route.
 
Local air carriers will also apply no fuel surcharges on domestic routes in September for five months running due to the coronavirus fallout.
 
Analysts said the zero-rate surcharge is unlikely to have a positive impact on restoring air travel demand or increasing airlines' sales due to the prolonged coronavirus crisis.
 
The pandemic and subsequent lockdowns have sent air travel plummeting, forcing Korean air carriers to suspend most of their international flights.
 
 
 
Yonhap
 

More in Industry

Stores in malls fear change to retail law

Robofork

Big business recoils at new legal legislation

Hyundai Mobis has developed a hydrogen-powered forklift

Asiana adapts passenger plane to carry more cargo

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now