Most Popular
-
1
Now is no time to add pressure on businesses: top executives
-
2
CJ CheilJedang to spur overseas growth with new Hungary, US plants
-
3
Seoul to host winter festival from Dec. 13
-
4
Blackpink's solo journeys: Complementary paths, not competition
-
5
Nationwide rail disruptions feared as union plans strike from Dec. 5
-
6
Korean Air offers special flights for mileage users
-
7
N. Korea, Russia court softer image: From animal diplomacy to tourism
-
8
[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts
![[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050099_0.jpg&u=20241121172748)
-
9
Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid
-
10
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
![[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050099_0.jpg&u=20241121172748)
Korean airlines are expected to jack up their fuel surcharges on international flights for July and August, but the increase rate will likely slow amid easing fuel prices, officials and industry sources said Sunday.
The average price of jet fuel hovered at about $3.16 a gallon on the Singaporean spot market from April to May 28, compared with $3.02 per gallon between February and March, according to the Ministry of Land, Transport and Maritime Affairs and industry sources.
Fuel surcharges for round-trip flights to the United States, Europe and Australia are likely to surge to $298 from the current $280, they predicted. Those for flights to China and Southeast Asia are expected to be raised to $132, up $8 from the current level.
(Yonhap News)
The surcharge system set by the government allows local carriers to adjust surcharges for overseas routes bimonthly in step with the average price of fuel oil in the previous two months on the Singaporean spot market.
If the average price of jet fuel is above $1.50 a gallon during the April-May period, local airlines can increase fuel surcharges on their overseas flights for July and August after a month.
However, the carriers have to give notification of the jet fuel price fluctuations a month before they impose fuel surcharges on their international flights.
Industry sources said the growth margin of fuel surcharges may ease in July and August since the jet fuel price for May stands at $3.05 per gallon, down $2.50 from the previous month. (Yonhap News)
The average price of jet fuel hovered at about $3.16 a gallon on the Singaporean spot market from April to May 28, compared with $3.02 per gallon between February and March, according to the Ministry of Land, Transport and Maritime Affairs and industry sources.
Fuel surcharges for round-trip flights to the United States, Europe and Australia are likely to surge to $298 from the current $280, they predicted. Those for flights to China and Southeast Asia are expected to be raised to $132, up $8 from the current level.
(Yonhap News)
The surcharge system set by the government allows local carriers to adjust surcharges for overseas routes bimonthly in step with the average price of fuel oil in the previous two months on the Singaporean spot market.
If the average price of jet fuel is above $1.50 a gallon during the April-May period, local airlines can increase fuel surcharges on their overseas flights for July and August after a month.
However, the carriers have to give notification of the jet fuel price fluctuations a month before they impose fuel surcharges on their international flights.
Industry sources said the growth margin of fuel surcharges may ease in July and August since the jet fuel price for May stands at $3.05 per gallon, down $2.50 from the previous month. (Yonhap News)
