The Hong Kong Civil Aviation Department on Monday gave approval for 13 airlines to keep or adjust their passenger fuel surcharge levels.
Most airlines will boost their surcharges for short haul flights from HKD125 per passenger to HKD171, while surcharges for long haul flights will rise from HKD518 to HKD710, effective from 1st June to 31st July.
The Department said that the surcharges on the local routes remain at a reasonable level compared with surcharges at the international level. Short-haul and long-haul surcharges amount for about 41% and 68% of the international levels.
The Department approved the applications after considering the changes in aviation fuel prices, the airline operators' justifications, and other factors, including the charges other airlines levy.
Aviation fuel prices have shot up 50% this year so far, which has had a serious impact on airlines' operating costs.
The Department estimated that most airlines would recover about 40% to 70% of their additional fuel costs through the surcharges.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment