Fuel Surcharges for Air Tickets Issued on June 1st Drop by 6 Levels
The prices of international flight tickets, which have suppressed travel demand, will decrease slightly starting next month.
According to industry sources on the 18th, starting from June 1st, international air tickets will be subject to
fuel surcharge level 27.
This is 6 levels lower than the level 33 surcharge applied in May.
This drop is due to the average price of Singapore jet fuel (MOPS), which serves as the basis for fuel surcharges,
falling to 410.02 cents per gallon (from April 16 to May 15), compared to the previous period.
From March 16 to April 15, the price was 511.21 cents per gallon.
International Oil Prices Temporarily Fell on Hopes for US-Iran Negotiations
Following the ceasefire between the United States and Iran, the Strait of Hormuz, which had temporarily opened, has been fully closed again. As of the morning of the 9th (Korea Standard Time), numerous oil tankers and cargo ships remain stranded in the Strait of Hormuz area, according to a real-time vessel tracking website. MarineTraffic
원본보기 아이콘At one point, optimism over negotiations between the United States and Iran
and the temporary reopening of the Strait of Hormuz
caused international oil prices to fall briefly, which appears to have contributed to this change.
Fuel surcharges are additional amounts airlines charge to compensate for losses due to rising oil prices,
and are set monthly by each airline through internal adjustments,
in accordance with the Ministry of Land, Infrastructure and Transport's distance-based system.
Is Now the Time to Book That Overseas Vacation? Office Workers Are Stirring
Korean Air plans to charge international ticket fuel surcharges next month on a one-way basis
ranging from a minimum of 61,500 won up to a maximum of 451,500 won.
Last month, the surcharge ranged from 75,000 won to 564,000 won.
The minimum price applies to shorter routes such as Incheon to Shenyang and Fukuoka,
while the maximum price applies to the longest routes such as Incheon to New York and Toronto.
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Reporter Choi Youngchan elach1@asiae.co.kr
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Edit Kim Mina alskv@asiae.co.kr
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