Cathay Pacific to Implement 34% Increase in Fuel Surcharges

Economy

Cathay Pacific to Implement 34% Increase in Fuel Surcharges

1 hour ago

News sources:

SCMP

CHANNELNEWSASIA

BANGKOKPOST

Cathay Pacific to Implement 34% Increase in Fuel Surcharges

Credited from: CHANNELNEWSASIA

Cathay Pacific to raise fuel surcharges by 34% starting April 1.
Long-haul surcharges will increase to HK$1,560 amidst rising jet fuel costs.
Jet fuel prices have surged nearly 100% since the start of the Middle Eastern conflict.

Cathay Pacific Airways, the Hong Kong flagship carrier, will increase its fuel surcharge by 34% effective April 1, reflecting pressures from soaring jet fuel prices linked to ongoing conflicts in the Middle East. The airline's long-haul flight surcharge will rise to HK$1,560 (US$50.63), up from HK$1,164, while medium-haul and short-haul flights will see corresponding increases to HK$725 and HK$389 respectively, according to SCMP, Channel News Asia, and Bangkok Post.

The airline will review these surcharges every two weeks to keep pace with fluctuating jet fuel prices. The International Air Transport Association reports that global jet fuel prices surged to US$197 per barrel as of March 20, nearly doubling since late February when the conflict escalated. Increased fuel costs account for up to 30% of Cathay Pacific's operational expenses, significantly impacting their financial outlook, as reported by SCMP and Channel News Asia.