Hong Kong flag carrier Cathay Pacific Airways will lower its fuel surcharge fees for passenger flights by as much as about 14% from Saturday, after a series of increases that began in March.
For long-haul flights, the surcharge will fall from HK$1,560 (6,465 baht) to HK$1,362 per leg of the trip. For shorter journeys, such as those between Hong Kong and South Asia, the rate will drop to HK$633, down from HK$725.
For flights from mainland China to Hong Kong, the surcharge will remain at HK$135, while those going in the opposite direction will also stay at HK$165.
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In a statement, Cathay said: "To enable a more agile response to the volatile jet fuel prices due to the Middle East situation, we continue to review the fuel surcharge every two weeks to better capture jet fuel price movements in either upwards or downward direction.
"This increased frequency is intended as a
temporary measure
and will be revisited when the Middle East situation stabilises.
"The jet fuel that aircraft use is made by refining [crude oil], and so the price of jet fuel comprises both the crude oil component and the refinery component, both of which have increased significantly since the start of March and remain at highly elevated levels."
In March, Cathay announced it was more than doubling its fuel surcharge as supplies had been disrupted and prices had risen due to the war in the Middle East.
The fuel surcharge applies to all tickets on a per-sector basis, regardless of fare type and is included in
fares
quoted through the airline's direct booking channels.
Cathay Pacific will reduce fuel surcharges on passenger flights by up to 14% starting Saturday, easing fees after several increases introduced since March amid volatility in global fuel prices.
The airline said long-haul flight surcharges will decrease from HK$1,560 to HK$1,362 per sector, while shorter regional routes, including flights between Hong Kong and South Asia, will see charges fall from HK$725 to HK$633.
Fuel surcharges for routes between mainland China and Hong Kong will remain unchanged at HK$135 and HK$165 respectively.
Cathay stated it is reviewing fuel surcharges every two weeks to respond more quickly to fluctuating jet fuel prices linked to ongoing tensions in the Middle East. The airline noted that both crude oil and refining costs have risen sharply since March, keeping jet fuel prices elevated.
In March, Cathay more than doubled fuel surcharges due to supply disruptions and rising energy costs caused by the conflict in the Middle East. The surcharge continues to apply to all passenger tickets on a per-sector basis and is included in fares booked directly through the airline.