Fuel surcharge in light of falling oil price
Sep 25, 2006, 10:25 pm
#1
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Fuel surcharge in light of falling oil price
So, how long until the fuel surcharge falls, now that oil is about US$60 a barrel, some way down from its peak.
I know that airlines have to buy for the future, and there will be variability in the price, but I suspect the old trick of being quick to hike prices, and keeping it up there for as long as possible in the event of falling costs is being played out.
I know that airlines have to buy for the future, and there will be variability in the price, but I suspect the old trick of being quick to hike prices, and keeping it up there for as long as possible in the event of falling costs is being played out.
Last edited by treadsoftly; Sep 26, 2006 at 12:19 am
Sep 27, 2006, 1:18 pm
#3
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Originally Posted by AndDee
I doubt we will see the surcharge removed until someone files a complaint with a Government body and they investigate the complaint and rule the surcharge illegal!
Sep 27, 2006, 5:00 pm
#4
Join Date: Jan 2000
Location: Tokyo, Japan
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Maybe you know this already but this is the official rule:
http://www.jp.airnewzealand.com/trav..._amendment.htm
Air New Zealand will reduce the fuel surcharge to USD48.00 if Singapore Kerosene Jet (Platts Oilgram) remains below USD60.00 per barrel for 30 consecutive days. If it remains below USD50.00 per barrel for 30 consecutive days, Air New Zealand will reduce the fuel surcharge to USD 23.90 and If it remains below USD35.00 per barrel for 30 consecutive days, Air New Zealand Limited will remove the fuel surcharge.
"30 consecutive days" is the key here!
http://www.jp.airnewzealand.com/trav..._amendment.htm
Air New Zealand will reduce the fuel surcharge to USD48.00 if Singapore Kerosene Jet (Platts Oilgram) remains below USD60.00 per barrel for 30 consecutive days. If it remains below USD50.00 per barrel for 30 consecutive days, Air New Zealand will reduce the fuel surcharge to USD 23.90 and If it remains below USD35.00 per barrel for 30 consecutive days, Air New Zealand Limited will remove the fuel surcharge.
"30 consecutive days" is the key here!
Sep 27, 2006, 5:11 pm
#5
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Well KLM has annouced that they will be reducing their fuel surcharge.
http://www.edition.cnn.com/2006/BUSI...eut/index.html
But Qantas has increased its fuel hedging program,
http://www.smh.com.au/news/business/...337221124.html
aleph08, it is good to see that ANZ has published the conditions they will reduce the fuel surcharge with. ^ They are much better than QF in this regards.
http://www.edition.cnn.com/2006/BUSI...eut/index.html
But Qantas has increased its fuel hedging program,
http://www.smh.com.au/news/business/...337221124.html
aleph08, it is good to see that ANZ has published the conditions they will reduce the fuel surcharge with. ^ They are much better than QF in this regards.
Sep 27, 2006, 10:12 pm
#7
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Originally Posted by treadsoftly
Interesting - didn't know that.. Wonder if we can expect a nice little cash refund at check-in? 
Sep 28, 2006, 7:14 pm
#9
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Originally Posted by Gotta Requalify
Why? Would you expect an extra bill if you purchased just before the surcharge went up?
Nooooo, but UA allow you to re-price your fare, and in the event of fuel surcharges falling, you get a credit voucher (at least, that's my understanding of it).
Sep 29, 2006, 6:10 am
#10
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Originally Posted by Gotta Requalify
Why? Would you expect an extra bill if you purchased just before the surcharge went up?
Sep 29, 2006, 6:11 am
#11
Join Date: May 2006
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Originally Posted by aleph08
Maybe you know this already but this is the official rule:
http://www.jp.airnewzealand.com/trav..._amendment.htm
Air New Zealand will reduce the fuel surcharge to USD48.00 if Singapore Kerosene Jet (Platts Oilgram) remains below USD60.00 per barrel for 30 consecutive days. If it remains below USD50.00 per barrel for 30 consecutive days, Air New Zealand will reduce the fuel surcharge to USD 23.90 and If it remains below USD35.00 per barrel for 30 consecutive days, Air New Zealand Limited will remove the fuel surcharge.
"30 consecutive days" is the key here!
http://www.jp.airnewzealand.com/trav..._amendment.htm
Air New Zealand will reduce the fuel surcharge to USD48.00 if Singapore Kerosene Jet (Platts Oilgram) remains below USD60.00 per barrel for 30 consecutive days. If it remains below USD50.00 per barrel for 30 consecutive days, Air New Zealand will reduce the fuel surcharge to USD 23.90 and If it remains below USD35.00 per barrel for 30 consecutive days, Air New Zealand Limited will remove the fuel surcharge.
"30 consecutive days" is the key here!
Anyone keeping track ?