Mon, Aug 23, 2004 - Page 10 News List

Airline surcharges on hold

CNA , TAIPEI

Taiwan-based airlines are not considering raising fuel surcharges for the time being, despite the fact that various air carriers based in the Asia-Pacific region have recently done so amid soaring oil prices in the world market.

Both China Airlines (華航) and EVA Airways Corp (長榮航空), Taiwan's two leading carriers say they do not plan to follow suit, but adding that they may do so if oil prices continue to rise.

Singapore Airlines announced that from Sept. 1, it will adjust upward its fuel surcharges, ranging from US$7 to US$12, while Cathay Pacific Airways Ltd said that its headquarters in Hong Kong is considering a new hike.

Qantas Airways Ltd said it will also boost its domestic fuel surcharge this week from the current US$4.34 per sector to US$7.25, and raise its surcharge on international routes from US$5.07 to US$15.95.

Taiwan-based China Airlines, EVA Airways and other four smaller carriers first imposed a fuel surcharge in early July, which ranged from US$5 to US$13 for three months, after most of the foreign carriers had already made their move in mid-June.

The carriers said they would rescind the fuel surcharges if crude oil prices fell back to US$36 per barrel. The price of crude oil price surged to almost US$50 per barrel on Friday.

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