Cathay Pacific raises fuel surcharges from Aug 1 as jet fuel prices surge
An Airbus A350 passenger aircraft of Cathay Pacific arrives from Hong Kong at JFK International Airport in New York on Feb 7, 2024. (File photo: AFP/Charly Triballeau)
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
HONG KONG: Cathay Pacific Airways said on Friday (Jul 24) it would raise passenger and cargo fuel surcharges from Aug 1, reversing a series of reductions since May, as jet fuel prices surge on renewed Middle East tensions.
The Hong Kong flag carrier said the adjustment marks the first increase to surcharges since April, though the charges remain below their peak in that month.
For passengers, the surcharge on long-haul routes between Hong Kong and destinations including North America, Europe, the Middle East and Africa will rise 41 per cent from HK$965 (US$123.06) to HK$1,362 (US$173.69) per sector.
On flights between Hong Kong and mainland China, the surcharge will increase to HK$198 from HK$165.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Surcharges on flights to South Asia will rise to HK$633 from HK$448, while other routes will increase to HK$339 from HK$241.
The fuel surcharge for cargo shipments departing Hong Kong will increase to HK$10.10 per kg for long-haul destinations, HK$5.10 per kg for medium-haul, and HK$2.80 per kg for short-haul, effective Aug 1.
The airline cited data from the International Air Transport Association that showed the global average jet fuel price climbed to US$149.4 per barrel for the week ending Jul 17, up sharply from US$127.06 per barrel the previous week and US$119.13 per barrel for the week ending Jul 3.
Cathay said it would continue to review and revise fuel surcharges every two weeks.
Source: Reuters/co
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
