September 26, 2008

Cathay Pacific Receives Approval to Reduce Fuel Surcharge

Cathay Pacific Airways has been granted approval by the Civil Aviation Department of Hong Kong to reduce its passenger fuel surcharge.

In Cathay Pacific's case, approval has been granted for a reduction in fuel surcharges, for a two-month period effective October 1, 2008, to $25.10 for short-haul services in south and north east Asia and $106.7 for long-haul services.

The current surcharges are $29.60 for short-haul services and $118.50 for long-haul services. Jet fuel costs account for about half of the Cathay Pacific's net operating costs, and changes in surcharges cover only less than half of the increased fuel cost.