Oil price at 4 year low but still V high fuel surcharges
Jan 20, 2015, 1:10 pm
#346
Join Date: Oct 2008
Programs: BAEC
Posts: 887
Have a look at the write downs that Delta posted in their 4Q earnings today.
http://www.cnbc.com/id/102350602
http://www.cnbc.com/id/102350602
Jan 20, 2015, 3:34 pm
#347
Join Date: May 2010
Location: UK
Posts: 5,380
"Errr", do you understand the concept of a free market?
Jan 20, 2015, 10:24 pm
#348
Join Date: Apr 2012
Location: not far from MUC
Posts: 6,620
Our company, Heathrow Airport Holdings Limited (formerly BAA) owns and runs London Heathrow Airport, Britain's aviation hub.
Heathrow Airport Holdings Limited is in turn owned by FGP Topco Limited, a consortium owned and led by the infrastructure specialist Ferrovial S.A. (25.00%), Qatar Holding LLC (20.00%), Caisse de dépôt et placement du Québec (12.62%), the Government of Singapore Investment Corporation (11.20%), Alinda Capital Partners (11.18%), China Investment Corporation (10.00%) and Universities Superannuation Scheme (USS) (10.00%)
Heathrow Airport Holdings Limited is in turn owned by FGP Topco Limited, a consortium owned and led by the infrastructure specialist Ferrovial S.A. (25.00%), Qatar Holding LLC (20.00%), Caisse de dépôt et placement du Québec (12.62%), the Government of Singapore Investment Corporation (11.20%), Alinda Capital Partners (11.18%), China Investment Corporation (10.00%) and Universities Superannuation Scheme (USS) (10.00%)
Jan 22, 2015, 10:47 pm
#349
FlyerTalk Evangelist
Join Date: Mar 1999
Posts: 12,097
IATA confirms that Jet fuel dropped 46.7% during the course of the year:
http://www.iata.org/publications/eco...-analysis.aspx
Com'n BA have some mercy and drop your YQ (probably the highest in the world)
http://www.iata.org/publications/eco...-analysis.aspx
Com'n BA have some mercy and drop your YQ (probably the highest in the world)
Due to the continuing fluctuations in the price of oil British Airways will review this surcharge on a regular basis with a view to adjusting it when appropriate."
Jan 22, 2015, 10:49 pm
#350
FlyerTalk Evangelist
Join Date: Mar 1999
Posts: 12,097
After all, when fuel went up 46.7% they seem to have been increasing the surcharge at every step without delay. The same must apply on the way down.
Last edited by hillrider; Jan 22, 2015 at 10:56 pm
Jan 22, 2015, 10:54 pm
#351
FlyerTalk Evangelist
Join Date: Mar 1999
Posts: 12,097
VA eliminates all fuel surcharges; QF probably next
The pressure is starting to build. According to an article in the Sydney Morning Herald, Virgin Australia eliminates all fuel surcharges:
If you wonder what led to this decision:
What's the UK equivalent of the Australian Competition and Consumer Commission doing?
After months of criticism from consumer groups about airlines refusing to cut fuel surcharges despite a halving in oil prices since October, Virgin on Wednesday announced that it would restructure its fares for flights to the US, which would result in it incorporating fuel costs into the base fare.
Virgin previously increased fuel surcharges on flights to the US in August last year. It is the only route on which it imposes the fee.
Virgin previously increased fuel surcharges on flights to the US in August last year. It is the only route on which it imposes the fee.
The surcharges are mostly an expensive irritant for Qantas frequent flyer holders because they cannot use their points to pay for the surcharge. Unlike Qantas, Virgin has allowed passengers to use frequent-flyer points to pay for the fuel fee.
Travel agents have also long complained about a number of airlines' fuel fees, because they often don't earn a commission on the surcharge component of the total fare.
Travel agents have also long complained about a number of airlines' fuel fees, because they often don't earn a commission on the surcharge component of the total fare.
The Australian Competition and Consumer Commission has also set up a team to investigate passenger surcharges.
Jan 23, 2015, 6:35 am
#352
FlyerTalk Evangelist
Join Date: Aug 2002
Location: London
Programs: Mucci. Nothing else matters.
Posts: 38,644
Jan 23, 2015, 7:46 am
#353
Join Date: Dec 2004
Posts: 7,905
Jan 26, 2015, 5:39 am
#355
FlyerTalk Evangelist
Join Date: Mar 1999
Posts: 12,097
Jan 26, 2015, 8:37 am
#356
Join Date: Dec 2007
Location: ORD
Programs: BA, AA, SQ, UA, AC, WS, MR TIT
Posts: 8,659
Apr 23, 2015, 5:26 am
#357
FlyerTalk Evangelist
Join Date: Mar 1999
Posts: 12,097
The Hong Kong government has further reduced the fuel surcharges it allows in its jurisdiction: http://www.cad.gov.hk/english/fuel_surcharge.htm
The new rate approved from 01MAY15 to 31MAY14 is HKD 205 each way, for a total of USD 52.90 for a round trip HKD-LHR.
Compare with the fuel surcharge for the same flights in business class when purchased in LHR (which is the amount BA would charge Hong Kongers absent government regulation): GBP490.20 329.00, or an astounding USD 490.20!
The new rate approved from 01MAY15 to 31MAY14 is HKD 205 each way, for a total of USD 52.90 for a round trip HKD-LHR.
Compare with the fuel surcharge for the same flights in business class when purchased in LHR (which is the amount BA would charge Hong Kongers absent government regulation): GBP
Last edited by hillrider; Apr 23, 2015 at 6:28 am Reason: corrected amount in GBP
