SIA to increase fuel surcharge
As a result of a sustained escalation in the price of jet fuel in the past two months, Singapore Airlines is increasing its fuel surcharge for tickets issued on or after 1 April 2007.The new levels reinstate those applied prior to the reduction applied in January:
- US$18 (up from US$16) per sector, for flights between Singapore and Kuala Lumpur, Bandar Seri Begawan, Bangkok, Denpasar, Hanoi, Ho Chi Minh City, Jakarta, Manila and Penang;
- US$82 (up from US$78) per sector, for flights between Singapore and gateways in the United States and Canada on a single-sector basis; and
- US$54 (up from US$52) per sector, on all other flights.
The new surcharge is subject to official approval in some markets, and some local variations may apply where regulatory approvals dictate.
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The price of jet fuel is now around US$76 per barrel, compared to US$67 per barrel when the surcharge was last revised in January. The steep rises come after a moderate downward movement in late 2006 and January 2007, during which Singapore Airlines correspondingly reduced the surcharges twice.
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