Japan Airlines and ANA to Significantly Increase International Fuel Surcharges in June
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Key Takeaways
Tokyo, April 2 (NationPress) Japan Airlines (JAL) and All Nippon Airways (ANA) are poised to significantly increase fuel surcharges for international flights starting in June, driven by escalating oil prices linked to the ongoing Middle East conflict, according to local media reports.
For flights heading to Europe and North America, ANA plans to impose surcharges of 55,000 yen (approximately 346 U.S. dollars) in June and July, marking an increase of 23,100 yen compared to April and May. Similarly, JAL is set to raise its surcharge by 21,000 yen to 50,000 yen, as reported by Kyodo News on Wednesday.
Regarding flights to China, ANA's surcharge is likely to go up by 4,900 yen to 14,300 yen, while JAL's surcharge will see an increase of 5,000 yen to 12,400 yen.
For routes to South Korea and Russia, both airlines might double their surcharges from about 3,000 yen, reaching the highest levels permitted under the current pricing framework.
This decision is anticipated to impact the summer travel season, potentially dampening demand for travel, the report suggests.
The airlines reassess surcharges every two months to adapt to fluctuations in fuel prices and currency exchange rates, with the prices from February and March affecting the surcharges for June and July, as reported by Xinhua news agency.
Aviation kerosene, derived from refining crude oil, has seen its price more than double on the Singapore market since the conflict escalated in late February.
Fuel surcharges are determined based on the average kerosene price every two months, with February and March prices influencing the upcoming surcharges.
On March 30, Japanese Prime Minister Sanae Takaichi mentioned her willingness to engage in discussions with Iranian leaders at an 'appropriate' time if it aligns with Japan's national interests, amid rising tensions in the Middle East.