South Korean airlines lower fuel charges

23rd Feb 2007

South Korea’s two flag carriers said they plan to cut fuel surcharges for international flights next month for the second straight month on a continued drop in oil prices. Korean Air, the larger of the two, and Asiana Airlines said they will lower the surcharges by US$1 to $9, depending on the routes.

The cuts, to go into effect from March 1, follows a drop in fuel oil prices.

The price of fuel oil hovered at $1.66 a gallon, down from $1.75 the previous month, on the Singaporean spot market between Jan. 16 and Feb. 15, they said.


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