TOKYO February 15, 2007- ANA today filed an application with Japan's Ministry of Land,
Infrastructure and Transport to lower its fuel surcharge on international
tickets issued on or after April 1 this year, in line with revised IATA
fares and movements in the market price of oil.
The international fuel surcharge was introduced in
February, 2005, along with provisions for its reduction or removal in
light of the following market conditions:
If on the 10th day of the month (or the next
working day where the 10th falls on a holiday), the price of
Singapore kerosene1 has remained below US$75 per barrel for the
preceding 30 consecutive days2, the surcharge will be lowered
to the levels shown in chart (2). Similarly, if the market price continues
to fall, it will be further reduced in accordance with the chart. The fuel
surcharge will be discontinued completely if the market price drops below
US$40 per barrel for 30 consecutive days. Changes come into effect from
the first day of the following month. |