Home MMBIZ News Singapore Airlines Cuts Fuel Surcharges on Lower Oil Prices

Singapore Airlines Cuts Fuel Surcharges on Lower Oil Prices

Singapore Airlines Ltd said it will reduce its fuel surcharges for tickets issued on or after February 26 due to lower fuel prices.

“Fuel prices have declined in recent months, although jet fuel continues to account for a significant percentage of SIA Group expenditure,” it said in a statement.

The new fuel surcharge, which represent a decrease of between $5 and $83 per sector, will apply to SIA and SilkAir flights.

Asian airlines are slashing fuel surcharges as oil prices slumped in the past few months, but Brent prices have recovered by as much as 30 percent from a mid-January low of $45.19 a barrel, which was the lowest since 2009. (Reuters)

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