The Civil Aeronautics Board (CAB) maintained fuel surcharges for domestic and international flights in November 2024 following the decline in jet fuel prices.
It said in an advisory passenger and cargo fuel surcharges for domestic and international flights would remain at Level 4 from Nov. 1 to 30, or at the same level as in October.
Under Level 4, the fuel surcharge for domestic flights ranges from P117 and P342, depending on the distance, while for international flights, the fuel surcharge may range from P385.70 and P2,867.82.
The CAB said for the cargo fuel surcharge, airlines are allowed to charge P0.60 to P1.76 per kilogram for domestic flights under Level 4 and P1.98 to P14.74 per kg. for international flights.
“Airlines wishing to impose or collect fuel surcharge must file its application with CAB on or before the effectivity period, with fuel surcharge rates not exceeding the above-stated level,” it said.
The CAB said airline fuel surcharge is an optional fee, imposed and collected by airlines to recover fuel costs and stem losses caused by upward spikes in fuel cost.
Fuel surcharge is not a part of the basic airfare and may be reduced or removed depending on the price of jet fuel in the market.
According to the International Air Transport Association’s (IATA) Jet Fuel price Monitor, the average jet fuel prices stood at $88.47 per barrel as of Oct. 18, 2024, down by 21.2 percent from the same period last year. Darwin. G. Amojelar
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