LH increases[/reduces] fuel surcharge
Jan 7, 2015, 3:57 am
#391
Suspended
Join Date: Feb 2007
Location: PVG, FRA, SEA, HEL
Programs: UA Premier Gold
Posts: 4,783
Yes. That would be more than 550€ and 105000 miles for a "free" ticket. Ridiculous! Just like you say: "a way to milk the customers", like any reputable company would do.
HTB.
HTB.
Anyone who still believes to get free tickets with M&M miles must be extremely naive.
Sorry!
That would be more than 550€ and 105000 miles for a "free" ticket.
It does not matter whether the passenger books a K-fare or an award ticket, when it comes to mileage earning.
Jan 15, 2015, 2:52 am
#392
Join Date: Dec 2007
Location: ORD
Programs: BA, AA, SQ, UA, AC, WS, MR TIT
Posts: 8,658
The latest update on the jet fuel prices drop, which is standing at 46.7% decline during the course of the year:
http://www.iata.org/publications/eco...-analysis.aspx
Com'n LH it is time that you evaluate your YQ and lower it decently at least for award tickets @:-)
http://www.iata.org/publications/eco...-analysis.aspx
Com'n LH it is time that you evaluate your YQ and lower it decently at least for award tickets @:-)
Jan 25, 2015, 11:44 pm
#394
Join Date: Dec 2007
Location: ORD
Programs: BA, AA, SQ, UA, AC, WS, MR TIT
Posts: 8,658
Feb 8, 2015, 4:03 am
#395
Senior Moderator, Moderator: Community Buzz and Ambassador: Miles & More (Lufthansa, Austrian, Swiss, and other partners)
Join Date: Jun 2005
Location: 150km from MAN
Programs: LH SEN** HH Diamond
Posts: 29,510
LH's JV partner ANA lowered fuel surcharges a week ago. Between Europe and Japan the surcharge was reduced from €202 to €134 or Ł164 to Ł109 each way. The reduction also applies to LH flights booked on ANA's website. ^ By waiting until after midnight UK time last Sunday, I was able to book a return trip on LH for Ł110 less than a few hours earlier! And I was booked into Z while a similar (now higher) fare if booked on LH would have booked into P.
The same trick does not seem to work ex-Germany but may work from origins outside Germany.
The same trick does not seem to work ex-Germany but may work from origins outside Germany.
Feb 8, 2015, 1:17 pm
#397
Join Date: Nov 2006
Location: BTS/VIE
Programs: LH MM**, HH Silver
Posts: 2,282
Feb 8, 2015, 2:57 pm
#398
Join Date: Apr 2007
Programs: LH FTL
Posts: 228
Feb 9, 2015, 12:30 am
#399
Join Date: Dec 2007
Location: ORD
Programs: BA, AA, SQ, UA, AC, WS, MR TIT
Posts: 8,658
Feb 9, 2015, 2:35 pm
#403
Join Date: Mar 2009
Location: GVA,OPO
Programs: BD the last decent FFP
Posts: 1,856
Sep 2, 2015, 2:15 am
#405
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
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Posts: 48,124
Some LH view of fuel prices:
September 02, 2015 5:00 AM UTC
Lufthansa Group | Group
Low oil price: No reason to celebrate
Chief Financial Officer Simone Menne describes the oil crash as a “double-edged sword”
Due to the low price of jet fuel, Lufthansa is currently flying with a good tailwind. We hear that the airline sector can expect record earnings. Is that a reason to celebrate? Probably not. This is because other airlines are partially gaining more and Lufthansa still has to struggle with structural challenges.
The winners here are air carriers without risk-reducing fuel price hedges – for example many North American airlines. Since they expose themselves to fuel price risk and save the costs of hedging, low fuelling expenses provide more benefit to them than to airlines with hedging.
Chief Financial Officer Simone Menne describes the oil crash as a “double-edged sword”. During the presentation of the half-year figures, she warned against drawing the wrong conclusions.
To be sure, lower expenditures on jet fuel do help, Menne noted. However, the hedging measures have a rather unfavourable effect with the current price drop. During the first half of the year, the company incurred a negative hedging result, such that Lufthansa did not fully benefit from reduced prices of jet fuel. That is why airlines with no hedging can better pass the low cost of jet fuel to their customers or offer overcapacities at dumping prices – the fall of ticket prices therefore continues. Such favourable conditions keep many airlines alive which would otherwise be brought to their knees with higher oil prices. “Financially weak airlines which cannot afford hedging are benefiting from low prices above all – they can now buy cheaply,” Menne explains.
Incidentally, jet fuel price is calculated in US dollars worldwide. The currency has strengthened compared to last year. Thus airlines have to pay more for fuel in euros. “We have indeed gained more time with low fuel costs,” says Lufthansa Passage Executive Karl Ulrich Garnadt, “but our problems have not been solved as a result.”
Lufthansa Group | Group
Low oil price: No reason to celebrate
Chief Financial Officer Simone Menne describes the oil crash as a “double-edged sword”
Due to the low price of jet fuel, Lufthansa is currently flying with a good tailwind. We hear that the airline sector can expect record earnings. Is that a reason to celebrate? Probably not. This is because other airlines are partially gaining more and Lufthansa still has to struggle with structural challenges.
The winners here are air carriers without risk-reducing fuel price hedges – for example many North American airlines. Since they expose themselves to fuel price risk and save the costs of hedging, low fuelling expenses provide more benefit to them than to airlines with hedging.
Chief Financial Officer Simone Menne describes the oil crash as a “double-edged sword”. During the presentation of the half-year figures, she warned against drawing the wrong conclusions.
To be sure, lower expenditures on jet fuel do help, Menne noted. However, the hedging measures have a rather unfavourable effect with the current price drop. During the first half of the year, the company incurred a negative hedging result, such that Lufthansa did not fully benefit from reduced prices of jet fuel. That is why airlines with no hedging can better pass the low cost of jet fuel to their customers or offer overcapacities at dumping prices – the fall of ticket prices therefore continues. Such favourable conditions keep many airlines alive which would otherwise be brought to their knees with higher oil prices. “Financially weak airlines which cannot afford hedging are benefiting from low prices above all – they can now buy cheaply,” Menne explains.
Incidentally, jet fuel price is calculated in US dollars worldwide. The currency has strengthened compared to last year. Thus airlines have to pay more for fuel in euros. “We have indeed gained more time with low fuel costs,” says Lufthansa Passage Executive Karl Ulrich Garnadt, “but our problems have not been solved as a result.”
