Cathay to increase fuel surcharge for all flights by 34% from April

Hong Kong flag carrier Cathay Pacific Airways will increase its fuel surcharge for all flights by 34 per cent from April – the second increase…

Hong Kong flag carrier Cathay Pacific Airways will increase its fuel surcharge for all flights by 34 per cent from April – the second increase in two weeks – citing “considerable pressure” as conflict in the Middle East impacts oil prices.

The airline said on Thursday that the fuel surcharge for long-haul flights would increase by HK$396 (US$50.63) to HK$1,560, or 34 per cent from the current HK$1,164. The measure takes effect on Wednesday of next week.

The increase also means the surcharge for short-haul flights will be bumped up from the current HK$290 to HK$389, while the surcharge for medium-haul flights will go from HK$541 to HK$725.

“The ongoing volatile situation in the Middle East continues to have a significant impact on the price of jet fuel, and this is placing considerable pressure on airlines around the world,” Cathay Pacific said in a statement.

The airline said it would review its fuel surcharge every two weeks to better capture jet fuel price movements.

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