CAB reduces fuel surcharge for June

Fuel surcharge is further reduced from Level 5 to Level 4 in June, the Civil Aeronautics Board (CAB) said Thursday. Depending on the distance, the fuel surcharge under Level 4 may range from PHP117 to PHP342 for domestic flights; and from PHP385 to PHP2,867 for international destinations. The fuel surcharge being implemented for this month under Level 5 ranges from PHP151 to PHP542 for domestic, and from PHP498 to PHP3,703 for international. “The drop in fuel surcharge to Level 4 in June, the lowest in the last 15 months, will help stimulate air travel. This is a great development to the traveling public, especially for families and college barkadas who are now starting their school breaks,” Cebu Pacific President Xander Lao said in a statement Thursday. AirAsia Philippines, on the other hand, said the savings would be advantageous to the passengers. “The additional savings for our guests, who will not have to bear additional costs, is expected to sustain demand for travel as the summer season comes to a close,” it said in a statement. It added that any form of reduction in air travel costs is a welcome development as passengers may use the savings as additional budget for travel. Flag carrier Philippine Airlines, meanwhile, said it would comply with the lower fuel surcharge matrix that takes effect for next month’s ticket purchases. In an advisory signed on May 16, the CAB said airlines wishing to impose or collect fuel surcharge for June 1-30 must file their application with the Office of the Executive Director on or before the effectivity period. The applicable conversion rate for USD1 is PHP55.45, it said.

Source: Philippines News Agency