Asian airfares begin to rise as fuel prices soar
Wednesday 26 January 2011
Flying in Asia could be set to get more expensive as the price of jet fuel soars, aviation analysts have warned.
On January 21, Singapore Airlines announced that it would be increasing its fuel surcharge "as a result of the recent sharp and sustained escalation in the price of jet fuel," which now stands at over $110 a barrel.
Prices rose between $3 and $27 (€2.20 and €19.90) per sector, with economy class passengers between Singapore and Europe now paying $128 (€94) in fuel charges and economy class passengers between Singapore and the Americas paying $215 (€158) in charges.
A report from the Center for Asia Pacific Aviation (CAPA) this week suggests that other airlines in the region are expected to follow the carrier's lead, because strong growth in the region allows them to raise prices.
Airlines in Europe and North America, however, may struggle to raise surcharges because of weaker demand and intense competition, said CAPA.
Last week, Qantas chief executive Alan Joyce said that his airline may raise prices and fuel surcharges if global competitors did the same thing, according to reports from Australia.
Hong Kong's government also approved an application by Cathay Pacific to hike fuel surcharges on long haul flights by 9 percent (to HK$621 / €58.60) and on short haul flights by 11 percent (to HK$143 / €13.50) in February.
Indian airlines Kingfisher and Jet Airways raised their fuel surcharges at the start of the year by up to 200 rupees (€3.20), although the move was restricted to domestic flights only.
The Independent travel offers: Discover a world of inspiring destinations
Students heading off to 'charity challenge' grounded at Gatwick after travel firm goes bust
Top 10 cheapest cities to visit, according to TripAdvisor
The best streets in Britain: where to stay
Harder, better, faster, longer: The best rollercoasters in the world
Weary? In need of some sun? Relax and unwind with a trip to... Iraqi Kurdistan
- 1 Unseen Charlie and the Chocolate Factory chapter deemed 'too subversive' released
- 3 Joan Rivers: 'Palestinians deserve to be dead'
- 4 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 5 Mexican woman becomes world’s 'oldest person' at 127
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
£20 - 26k + Benefits: Guru Careers: A Marketing Executive / Member Services Ex...
£15,000 - £25,000: Recruitment Genius: A fantastic opportunity has arisen for ...
£30000 - £45000 per annum + Bonus+Benefits+Package: Harrington Starr: VB.NET a...
£30 - 35k + Uncapped Comission (£70k Y1 OTE): Guru Careers: A Business Develop...