Netherlands carrier KLM is to cut its fuel surcharge on passenger flights in response to the recent sharp fall in oil prices.
KLM will cut its fuel surcharge by €5 ($6.40) per sector on all intercontinental flights and by €1 per sector on all intra-European flights from 28 September. The surcharge will be set at €60 for intercontinental flights and €23 on intra-European services.
Airline fuel surcharges had been rising with oil prices. KLM most recently increased its fuel surcharge on 10 August, saying this rise would be withdrawn once the barrel price of oil dropped below the $70-per-barrel mark for 30 consecutive days.
“This is the first time we have been able to drop it,” says the company. Oil prices have dropped sharply since mid-August. The price of Brent crude oil has fallen by around a quarter and has dipped under the $60/bbl level.
The company’s freight operation KLM Cargo – in combination with partner Air France Cargo – yesterday announced it was cutting its fuel surcharge in response to falling oil prices.
Source: FlightGlobal.com
