TOKYO May 16, 2008 - Owing to the cost of jet fuel (Singapore kerosene) rising to hitherto unseen levels, ANA today applied to the Ministry of Land Infrastructure and Transport to raise its fuel surcharge on international flights from July 1, 2008. Jet fuel is at present trading at more than US$150 per barrel.
The fuel surcharge is fixed for a period of three months, after which it is revised on the basis of the average market price of Singapore kerosene for the three months previous to the date of application for revision. Jet fuel rose to an average of US$126.05 per barrel from February to April this year, in view of which ANA regrets that it must ask its valued customers to once again share the increased cost burden, in spite of ongoing efforts to curb costs and increase revenues. |