Regulator approves lower fuel surcharges

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Regulator approves lower fuel surcharges
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THE Civil Aeronautics Board (CAB) has approved reduced fuel surcharges for domestic and international flights in October due to lower jet fuel prices.

THE Civil Aeronautics Board has approved reduced fuel surcharges for domestic and international flights in October due to lower jet fuel prices.In an advisory, the CAB said passenger and cargo fuel extra fees for domestic and international flights would go down to Level 4 effective October 1 to 31 from Level 5 in September.Under Level 4, the fuel surcharge for domestic flights ranges between P117 and P342, depending on the distance, while international flights may charge from P385.70 to P2,867.

'Airlines wishing to impose or collect fuel surcharge must file its application with CAB on or before the effectivity period, with fuel surcharge rates not exceeding the above-stated level,' CAB said.The air transport agency clarified that airline fuel surcharge is an optional fee, imposed and collected by airlines to recover losses from increases in fuel cost.

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Approves Lower Fuel Surcharges

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