All Nippon Airways Mileage Club - ANA announces revival of fuel surcharges in Oct.
Chiangi
Aug 18, 09, 1:50 am
https://www.ana.co.jp/eng/aboutana/corporate/index.html
Oct. 1-Nov. 30, 2009 (in yen)
Japan to:
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Europe, N. America (excluding Hawaii), Middle East 7,000
Hawaii, India 4,000
Thailand, Singapore, Malaysia 3,000
Vietnam, Saipan 2,000
Hong Kong, Taiwan, China 1,500
Korea 300
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aurigakb
Aug 19, 09, 5:34 am
That's no good!:td:
stargold
Aug 19, 09, 6:11 am
I much prefer ANA's clear, transparent and reasonable approach to YQ, compared to most other airlines who have no published policy regarding how the amount is determined.
Those other airlines never lowered the YQ by any meaningful amount even when the cost of fuel came down by nearly three quarters, and yet they are now citing the recent rise in fuel price as the reason for yet more rises in YQ. It's truly maddening.
At least with ANA you know exactly where you stand.
fumitani
Aug 19, 09, 7:04 am
One thing ANA could have prevented this was by hedging fuel at 38USD.... I wonder why they didn't do that.
One thing ANA could have prevented this was by hedging fuel at 38USD.... I wonder why they didn't do that.
Was there actually an opportunity to do so? Hedging requires someone to sell at the point that you want to buy. I'd be surprised if many were selling at that price recently.
Hedging also generally requires locking up lots of capital in escrow; that is not something that airlines can always do.
bobbybrown
Aug 19, 09, 11:28 am
One thing ANA could have prevented this was by hedging fuel at 38USD.... I wonder why they didn't do that.
Whether they did it or not, fuel surcharge seems "protected" by government, depending on the price of cruel oil. If ANA did hedging, they will have huge profit. They won't eliminate surcharges no matter what, although they may reduce fares temporally.
pueywei
Aug 27, 09, 3:18 am
Was there actually an opportunity to do so? Hedging requires someone to sell at the point that you want to buy. I'd be surprised if many were selling at that price recently.
I recall newspaper comments in Feb/March about the price of futures contracts being nowhere near the low $30 levels, and inferring a jump in economic activity due to that.