Pieter C. 5 Report post Posted February 16, 2009 South Korean Airlines To Abolish Fuel Surcharges February 2, 2009 South Korean carriers said on Monday they would abolish fuel surcharges on international flights from March 1 to April 30, in line with a drop in crude oil prices. Korean Air, the country's largest carrier and the world's top cargo airline, and its smaller rival Asiana Airlines, will from next month eliminate fuel surcharges, which rose to as high as USD$221 on long-distance international flights in September to October last year. Current surcharges are around USD$41 per flight. "(The move) reflects average actual jet fuel prices in December and January," said Lee Cha-yeon, spokeswoman at Asiana Airlines. "The (average) price was at around USD$1.42 a gallon, below USD$1.50 a gallon, which is the benchmark price to adopt surcharges on domestic and international flights. Crude oil prices surged more than six-fold since 2002 to near USD$150.00 a barrel in mid-July last year, but have fallen below USD$40 in recent months, hurt by the global economic slowdown. (Reuters) Share this post Link to post Share on other sites
BC Tam 2 Report post Posted February 16, 2009 Good news and a good act to follow Would it be safe to assume the two Korean carriers did not hedge too extensively on fuel prices then ? Share this post Link to post Share on other sites
Tamizi Hj Tamby 1 Report post Posted February 17, 2009 Good news for Daehan Hanggong and Asiana Hanggong Share this post Link to post Share on other sites
Azman MN 1 Report post Posted February 17, 2009 how does it work in practice? Will you get a refund if you already paid for the ticket? Share this post Link to post Share on other sites
Yoong 0 Report post Posted February 18, 2009 (edited) Dear All, ㅇ Website link to articles - http://www.worldaircargoevents.com/news_de...amp;news_id=839 - http://news.airwise.com/story/view/1233565774.html There is some misunderstanding in the article. The above only apply to International Passenger flight departing Korea only. tks! Edited February 18, 2009 by Yoong Share this post Link to post Share on other sites
Pieter C. 5 Report post Posted February 20, 2009 South Korean carriers said on Monday they would abolish fuel surcharges on international flights from March 1 to April 30, in line with a drop in crude oil prices. The above only apply to International Passenger flight departing Korea only. That's what it said... Share this post Link to post Share on other sites
Yoong 0 Report post Posted February 27, 2009 (edited) That's what it said... That was a mistake printed by the news. To know it better, you may call KE office to clarify. Andi C, can I give the job to you? Edited February 27, 2009 by Yoong Share this post Link to post Share on other sites
