Singapore Airlines cut fuel surcharges
Great way to fly: A `passenger' tries the SIA First Class seat. SIA and its regional wing SilkAir will reduce surcharges from tomorrow.Picture: EPA
Monday, January 29, 2007
SINGAPORE Airlines (SIA) and its regional wing SilkAir said on Monday they will reduce fuel surcharges from this week following the recent declines in jet fuel prices.
The cuts, ranging between US$2.0 and US$4.0 will be effective for tickets purchased from Tuesday, the airlines said in separate statements. It will be the second reduction by the two airlines since October.
For SIA flights between Singapore and other Southeast Asian destinations, the levy will be reduced from US$18 to US$16 while the surcharge between the city-state and North American cities will be cut by US$4 to US$78.
The levy for other flights will be cut by US$2 to US$52.
For SilkAir, the levy for Singapore-India and Singapore-China routes will be cut by US$2 to US$52 and for all other flights, it will be reduced also by US$2 to US$16.
Crude prices have fallen almost 30 per cent from the all-time peak of above US$78 reached in July.
This is due to unusually mild winter weather in the US and rising US energy reserves.
At 10.00 am (0200 GMT), New York's main contract, light sweet crude for March delivery, was 39 cents higher at US$55.81 a barrel.
SIA said however that jet fuel prices have not fallen to the same extent as crude oil and the difference between the two remains high. "Collections from the fuel surcharges have only given partial relief from the cost increase as a result of the high price of fuel." AFP
The cuts, ranging between US$2.0 and US$4.0 will be effective for tickets purchased from Tuesday, the airlines said in separate statements. It will be the second reduction by the two airlines since October.
For SIA flights between Singapore and other Southeast Asian destinations, the levy will be reduced from US$18 to US$16 while the surcharge between the city-state and North American cities will be cut by US$4 to US$78.
The levy for other flights will be cut by US$2 to US$52.
For SilkAir, the levy for Singapore-India and Singapore-China routes will be cut by US$2 to US$52 and for all other flights, it will be reduced also by US$2 to US$16.
Crude prices have fallen almost 30 per cent from the all-time peak of above US$78 reached in July.
This is due to unusually mild winter weather in the US and rising US energy reserves.
At 10.00 am (0200 GMT), New York's main contract, light sweet crude for March delivery, was 39 cents higher at US$55.81 a barrel.
SIA said however that jet fuel prices have not fallen to the same extent as crude oil and the difference between the two remains high. "Collections from the fuel surcharges have only given partial relief from the cost increase as a result of the high price of fuel." AFP
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