Due to current developments in fuel prices, KLM Cargo today announced that it will increase the fuel surcharge worldwide from EUR/USD 0.05 to 0.10 per kilo (actual weight) effective October 1, 2002.
This decision reflects developments in the fuel price index. KLM Cargo has stipulated procedures for implementing, increasing, reducing or withdrawing a fuel surcharge. This procedure is outlined on the KLM Cargo website (www.klmcargo.com - news).
During the past two weeks, the fuel index exceeded the trigger point for implementing a 0.10 cents surcharge.
The air cargo density ratio is currently being reviewed. KLM Cargo values the opinions and advice of its customers and will take these into account before announcing the implementation of any change in density ratio. If KLM Cargo does decide to change the density ratio, it will not do so before April 1, 2003.