Airlines to lower fuel surcharges
By Winny Wang |
July 28, 2011, Thursday
|
Print Edition
Print Edition
SHENZHEN Airlines and Cathay Pacific Airways will reduce fuel surcharges on routes linking the Chinese mainland with Hong Kong starting next month to keep pace with the moderated global oil price.
"The burden on airlines will be eased in the second half of this year as Singapore jet fuel price declined sharply in June and July after touching a peak in April and China began exempting import tariff on jet fuel," said Zhang Hongbo, an analyst at Citic Securities Co.
Shenzhen Air, a subsidiary of Air China, will cut fuel surcharges to 179 yuan (US$27.80) per capita from the previous 200 yuan, while Cathay Pacific and its affiliate Dragonair will cut surcharges by 70 US cents to US$27.6, according to online travel agency Ctrip.com.
In addition, Dragonair will also reduce fuel surcharges on routes linking Hong Kong with India, Bangladesh and Nepal by US$3.50 to US$133.60 per capita, and Cathay Pacific will reduce surcharges on routes linking Hong Kong with Australia, New Zealand, North America and Europe to US$133.60, Ctrip.com said.
Asiana Airlines will cut fuel surcharges to HK$215 on routes connecting Hong Kong with South Korea and Japan, and HK$1,042 on long-distance flight routes.
"The burden on airlines will be eased in the second half of this year as Singapore jet fuel price declined sharply in June and July after touching a peak in April and China began exempting import tariff on jet fuel," said Zhang Hongbo, an analyst at Citic Securities Co.
Shenzhen Air, a subsidiary of Air China, will cut fuel surcharges to 179 yuan (US$27.80) per capita from the previous 200 yuan, while Cathay Pacific and its affiliate Dragonair will cut surcharges by 70 US cents to US$27.6, according to online travel agency Ctrip.com.
In addition, Dragonair will also reduce fuel surcharges on routes linking Hong Kong with India, Bangladesh and Nepal by US$3.50 to US$133.60 per capita, and Cathay Pacific will reduce surcharges on routes linking Hong Kong with Australia, New Zealand, North America and Europe to US$133.60, Ctrip.com said.
Asiana Airlines will cut fuel surcharges to HK$215 on routes connecting Hong Kong with South Korea and Japan, and HK$1,042 on long-distance flight routes.
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