SIA To Introduce Fuel Surcharge On All Routes
Jun 5, 2004, 6:19 am
#1
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Join Date: Aug 2003
Location: Singapore
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SIA To Introduce Fuel Surcharge On All Routes
Saw this new release in SIA website: http://www.singaporeair.com/saa/app/...s/NE_3204.html
Very shocked to see SIA imposing the surcharge. The cheap airfare promo that it is currently offering is partially being offset with all these surcharges - insurance, fuel surcharges.
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From Monday 7 June 2004, Singapore Airlines (SIA) will introduce a fuel surcharge of USD 5 (five US dollars) per sector on all its services worldwide. The surcharge is subject to the approval of the relevant authorities in certain markets.
In countries where SIA has already introduced a fuel surcharge, including Australia, New Zealand, the United Kingdom and France, the current surcharge will be discontinued on 7 June and superseded by the USD 5 per sector rate.
This move is necessary in light of rising fuel prices and in line with action being taken by other major carriers to help defray part of the higher fuel cost.
Very shocked to see SIA imposing the surcharge. The cheap airfare promo that it is currently offering is partially being offset with all these surcharges - insurance, fuel surcharges.
----------------------------------
From Monday 7 June 2004, Singapore Airlines (SIA) will introduce a fuel surcharge of USD 5 (five US dollars) per sector on all its services worldwide. The surcharge is subject to the approval of the relevant authorities in certain markets.
In countries where SIA has already introduced a fuel surcharge, including Australia, New Zealand, the United Kingdom and France, the current surcharge will be discontinued on 7 June and superseded by the USD 5 per sector rate.
This move is necessary in light of rising fuel prices and in line with action being taken by other major carriers to help defray part of the higher fuel cost.
Aug 19, 2004, 8:25 am
#2
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SIA and SilkAir raise fuel surcharge
More updates on the fuel surcharge.
Source: The Business Times, Singapore
SINGAPORE - Singapore Airlines and sister carrier SilkAir said on Thursday that skyrocketing oil prices have forced them to raise ticket prices by up to US$12 (S$20.57) beginning next month.
The fuel surcharge was announced as the price of crude oil reached another all-time high on Thursday, at US$47.56 per barrel on the New York Mercantile Exchange, over continued supply fears.
Passengers will be charged an additional US$7 for flights between Singapore and other parts of Southeast Asia, the airlines said. Flights outside of the region will cost an additional US$12.
'The revised surcharge will help defray, in part, the increase in costs arising from record fuel prices,' the airlines said in separate statements.
The only unaffected flight would be between Singapore and Kuala Lumpur, Malaysia where a levy of US$4 remains.
The Singapore Airlines announcement comes just two days after chief executive Chew Choon Seng said the airline's pricing structure was under 'active review.'
In June, Singapore Airlines - the world's second-largest airline by market value - imposed a US$5 surcharge on all flights worldwide when oil prices hit US$40 a barrel.
Fuel costs account for about one-fifth of Singapore Airlines' total expenditure and it will consume over 1.4 billion gallons of fuel, or 27.3 million barrels, in the current financial year ending March 31, 2005, according to company estimates.
Crude prices have risen due to a tight supply-demand situation, continuing violence in Iraq, a financial crisis at Russian oil giant Yukos and, most recently, instability in Venezuela and Nigeria - both key OPEC members.
Airlines may lose as much as US$6 billion on international routes because of higher oil prices, the International Air Transport Association warned recently.
Source: The Business Times, Singapore
SINGAPORE - Singapore Airlines and sister carrier SilkAir said on Thursday that skyrocketing oil prices have forced them to raise ticket prices by up to US$12 (S$20.57) beginning next month.
The fuel surcharge was announced as the price of crude oil reached another all-time high on Thursday, at US$47.56 per barrel on the New York Mercantile Exchange, over continued supply fears.
Passengers will be charged an additional US$7 for flights between Singapore and other parts of Southeast Asia, the airlines said. Flights outside of the region will cost an additional US$12.
'The revised surcharge will help defray, in part, the increase in costs arising from record fuel prices,' the airlines said in separate statements.
The only unaffected flight would be between Singapore and Kuala Lumpur, Malaysia where a levy of US$4 remains.
The Singapore Airlines announcement comes just two days after chief executive Chew Choon Seng said the airline's pricing structure was under 'active review.'
In June, Singapore Airlines - the world's second-largest airline by market value - imposed a US$5 surcharge on all flights worldwide when oil prices hit US$40 a barrel.
Fuel costs account for about one-fifth of Singapore Airlines' total expenditure and it will consume over 1.4 billion gallons of fuel, or 27.3 million barrels, in the current financial year ending March 31, 2005, according to company estimates.
Crude prices have risen due to a tight supply-demand situation, continuing violence in Iraq, a financial crisis at Russian oil giant Yukos and, most recently, instability in Venezuela and Nigeria - both key OPEC members.
Airlines may lose as much as US$6 billion on international routes because of higher oil prices, the International Air Transport Association warned recently.
Aug 20, 2004, 5:34 am
#4
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Originally Posted by Kiwi Flyer
Thanks for the heads up. If I ticket my bookings before end of month I wont get charged the extra surcharge, right?
Have a good trip!
Last edited by hclee01; Aug 21, 2004 at 8:51 am
Aug 24, 2004, 5:27 pm
#9
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My TA is adamant there is no date yet announced when this takes effect ex-NZ. Maybe being tied in with NZ which also hasnt announced increase fuel surcharge (other than confirming it was being looked at). Now that NZ's financial result is released (a couple of hours ago) it may only be a day or so before it happens anyway?