Originally Posted by attorney28

Germany's Lufthansa Boosts Fuel Surcharge

Germany's Lufthansa said Wednesday it will increase its fuel surcharge on passenger flights starting Oct. 15 in response to rising oil prices.

Lufthansa first imposed surcharges in August. Starting next week, it will impose a euro7 (US$8.63) charge per leg on domestic and European flights, up from euro2 (US$2.46) at present.

On long-haul flights, the surcharge will rise to euro17 (US$20.95) per leg from euro7 (US$8.63).

Lufthansa said it had to act after the price of crude oil climbed above US$50 a barrel in recent days.

"The price of crude oil has thus almost doubled in comparison to last year and has compelled the company to respond," it said in a statement.

The increased surcharges will remain in force until the crude oil price on spot markets falls below US$40 per barrel on 30 successive days, Lufthansa said.

http://www.forbes.com/home/feeds/ap/...ap1578489.html