Singapore Airlines (SIA) and its regional wing SilkAir said yesterday they would cut the fuel levy on tickets by US$2 to US$8 following the recent declines in jet fuel prices.
The reduced fuel surcharge is effective for all tickets issued from today, the two carriers said in separate statements.
"Singapore Airlines will reduce its fuel surcharges following a decline in jet fuel prices in recent weeks," SIA said.
For flights from Singapore to all Southeast Asian destinations, the fuel levy will be lowered by US$2 to US$18 while the surcharge for North American-bound flights will be cut by US$8 to US$82.
For all other destinations, it will be reduced from US$60 to US$54, SIA said.
SilkAir said in its statement the levy for all Singapore-India flights and Singapore-China flights will be cut by US$6 to US$54.
The surcharge for other destinations will be lowered from US$20 to US$18, SIA's regional carrier said.
Crude oil prices have fallen to their lowest levels since December last year amid fading geopolitical tensions in the Middle East, an uneventful US Atlantic hurricane season and bulging US energy stockpiles.
In Asian trade yesterday, New York's main contract, light sweet crude for November delivery, was up US$0.35 at US$58.21 a barrel from US$57.86 in late US trade on Thursday.
Earlier, the contract fell to US$57.22 at one stage, New York's lowest level since Dec. 19 last year and a 27 percent plunge from its record high of US$78.40 in the middle of July.
NO-LIMITS PARTNERSHIP: ‘The bottom line’ is that if the US were to have a conflict with China or Russia it would likely open up a second front with the other, a US senator said Beijing and Moscow could cooperate in a conflict over Taiwan, the top US intelligence chief told the US Senate this week. “We see China and Russia, for the first time, exercising together in relation to Taiwan and recognizing that this is a place where China definitely wants Russia to be working with them, and we see no reason why they wouldn’t,” US Director of National Intelligence Avril Haines told a US Senate Committee on Armed Services hearing on Thursday. US Senator Mike Rounds asked Haines about such a potential scenario. He also asked US Defense Intelligence Agency Director Lieutenant General Jeffrey Kruse
INSPIRING: Taiwan has been a model in the Asia-Pacific region with its democratic transition, free and fair elections and open society, the vice president-elect said Taiwan can play a leadership role in the Asia-Pacific region, vice president-elect Hsiao Bi-khim (蕭美琴) told a forum in Taipei yesterday, highlighting the nation’s resilience in the face of geopolitical challenges. “Not only can Taiwan help, but Taiwan can lead ... not only can Taiwan play a leadership role, but Taiwan’s leadership is important to the world,” Hsiao told the annual forum hosted by the Center for Asia-Pacific Resilience and Innovation think tank. Hsiao thanked Taiwan’s international friends for their long-term support, citing the example of US President Joe Biden last month signing into law a bill to provide aid to Taiwan,
China’s intrusive and territorial claims in the Indo-Pacific region are “illegal, coercive, aggressive and deceptive,” new US Indo-Pacific Commander Admiral Samuel Paparo said on Friday, adding that he would continue working with allies and partners to keep the area free and open. Paparo made the remarks at a change-of-command ceremony at Joint Base Pearl Harbor-Hickam in Hawaii, where he took over the command from Admiral John Aquilino. “Our world faces a complex problem set in the troubling actions of the People’s Republic of China [PRC] and its rapid buildup of forces. We must be ready to answer the PRC’s increasingly intrusive and
STATE OF THE NATION: The legislature should invite the president to deliver an address every year, the TPP said, adding that Lai should also have to answer legislators’ questions The Chinese Nationalist Party (KMT) yesterday proposed inviting president-elect William Lai (賴清德) to make a historic first state of the nation address at the legislature following his inauguration on May 20. Lai is expected to face many domestic and international challenges, and should clarify his intended policies with the public’s representatives, KMT caucus secretary-general Hung Meng-kai (洪孟楷) said when making the proposal at a meeting of the legislature’s Procedure Committee. The committee voted to add the item to the agenda for Friday, along with another similar proposal put forward by the Taiwan People’s Party (TPP). The invitation is in line with Article 15-2