International Fuel Surcharge for August International Flights Remains the Same as Last Month... Up to 339,300 Won

[Asia Economy Reporter Yoo Hyun-seok] The fuel surcharge imposed on international flight tickets in August will remain at the same level as the record high in July.

According to the aviation industry on the 18th, Korean Air's international fuel surcharge for August will apply the same 22-step scale as this month, charging between 42,900 and 339,300 KRW depending on the one-way distance. As for Asiana Airlines, the surcharge will range from 48,200 to 274,700 KRW.

Although the step level is the same, prices have slightly increased in some sections. Aviation industry officials explained that the won-dollar exchange rate had an impact.

The 22-step scale is the highest level since the distance-proportional system for fuel surcharges was applied in July 2016. It has steadily risen this year: 10 steps in March, 14 in April, 17 in May, 19 in June, and 22 in July.

The average price of Singapore jet fuel, which serves as the basis for the August international fuel surcharge from June 16 to July 15, was recorded at $152.03 per barrel.

International oil prices, which sharply rose immediately after Russia's invasion of Ukraine, have recently been declining. However, since the fuel surcharge reflects the previous month's oil prices, the August surcharge was not reduced. The September fuel surcharge, which will reflect the decreased oil prices, is likely to be lowered compared to August.

Korean Air and Asiana Airlines' domestic fuel surcharges will increase from 19,800 KRW this month to 22,000 KRW next month. This is the first time that the domestic fuel surcharge has exceeded the 20,000 KRW mark.

This content was produced with the assistance of AI translation services.