On the very same day that KLM announced an increase if fuel surcharges, a number of its Asian competitors seem to be going the other way:


Cathay Pacific Airways Ltd, Hong Kong's largest airline, cut its ticket surcharges for the third time in a row to reflect lower jet fuel prices. The airline's short-haul levies would fall to HK$102 (US$13) each way from HK$106, while long-haul surcharges would drop to HK$420 from HK$438 beginning April 1, Hong Kong's Civil Aviation Department said on its website yesterday. The carrier's Hong Kong Dragon Airlines Ltd unit will also cut surcharges to HK$102 from HK$106. Cathay, which reassess its surcharges every other month, Japan Airlines Co (Asia's largest carrier by sales), and other carriers are cutting their levies as fuel prices fall. The Hong Kong-based airline raised its surcharges twice in 2006 as jet fuel prices reached record highs.

Source: Bloomberg