Source: Xinhua Author: 06/18/2008
Subject Concerned: Airlines Aviation Fuel
Singapore Airlines (SIA) said on June 18 that the company and its regional wing SilkAir will increase their fuel surcharge for tickets starting from June 24 due to the sharp increase in jet fuel price.
This was the third time for the carrier to raise fuel surcharge within three months.
For flights between Singapore and Southeast Asian countries, the fuel surcharge will be increased to US$40 from US$35 per sector, SIA said in a statement.
For flights between Singapore and gateways in the United States and Canada, the surcharge will be US$180, up from US$150 per sector, and US$15 more than the current US$95 on all other flights.
SIA said the increase was "a result of a sustained escalation in the price of jet fuel in recent months."
The price of jet fuel has increased sharply in recent weeks, and is now over US$160 per barrel.