Tue, Feb 03, 2015 - Page 4 News List

Falling aviation fuel prices set to reduce cost of air travel

DOMESTIC TICKETS:The airfare for most flights in the nation is expected to fall, although a few are to see no change due to a lack of prior adjustment

By Shelley Shan  /  Staff reporter

The prices of aviation fuel for domestic and international flights are scheduled to drop soon due to continuously falling oil prices, the Civil Aeronautics Administration said yesterday.

According to the administration, the new price of aviation fuel for international flights is set to take effect on Sunday, whereas the price of aviation fuel for domestic flights is scheduled to drop on March 3.

The administration said the average price of fuel in the period from December last year to this month was NT$19.5 per liter, already dropping below the benchmark price of NT$21.74 per liter. In situations such as this, the CAA is supposed to adjust the price of aviation fuel.

Subsequently, the price of aviation fuel for international flights offered by Taiwanese airlines is also set to decrease from US$15 to US$12.5 per flight segment for short-distance flights and from US$39 to US$32.5 per flight segment for long-distance flights.

The CAA said that the decrease in aviation fuel prices is expected to cause the ticket prices of most domestic flights to become cheaper, although some domestic flights are expected to remain unchanged, because their ticket prices were not raised completely during a price adjustment last year.

Following the new aviation fuel price scheme, the largest decrease in ticket price would be for the route between Taipei and Kinmen offered by Far Eastern Air Transport, which is estimated to drop 8 percent from NT$2,255 to NT$2,066 for a one-way trip.

The route between Taipei and Magong (馬公) is also expected to fall from NT$1,980 to NT$1,838 one-way.

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