The FINANCIAL — TOKYO, June 20, 2011: Japan Airlines (JAL) has requested for approval from the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT) to increase the current level of fuel surcharge on all international passenger tickets issued between August 1 and September 30, 2011.
In April this year, JAL began setting fuel surcharge levels bimonthly based on the 2-month average price, instead of quarterly based on 3-month average price, of Singapore kerosene-type jet fuel.
The price of Singapore kerosene-type jet fuel during the two month period of April and May 2011 averaged US$132.66 per barrel. With reference to the fuel surcharge benchmark list for the fiscal year of 2011 (see below), this corresponds to Zone H of fuel surcharges which range from 3,000 yen on a Japan – Korea ticket to 29,000 yen on a Japan – USA ticket per person per sector flown, on tickets purchased in Japan.
This level of surcharge will be applied to all international passenger tickets issued between August 1 and September 30, 2011.
Discussion about this post