Singapore Airlines to raise fuel surcharges

QX179R SG

Channel NewsAsia - 1 hour 33 minutes ago

SINGAPORE: Singapore Airlines (SIA) said Thursday it and its regional wing SilkAir will raise their fuel levy from next week to cope with soaring jet fuel prices.

For flights between Singapore and other Southeast Asian countries, the fuel surcharge will be increased to US$30 from US$26 per sector from March 26, SIA said in a statement.

The surcharge for flights between Singapore and the United States and Canada will be raised by US$7.0 to US$130 per sector and to US$80 from US$75 on all other flights.

SIA said the increase will "offer only partial relief of higher operating costs arising from increases in the price of jet fuel." Fuel accounts for about 37 per cent of the airline’s expenses.

Oil prices surged to an all time high of US$111.80 a barrel on March 17 but have since eased to around US$102. — AFP/ac

QX179R SG

Reuters - Thursday, June 19

SINGAPORE, June 18 - Singapore Airlines <SIAL.SI>, the world's second-biggest airline by market value, said on Wednesday that it will raise fuel surcharges for tickets issued from June 24 due to the sustained increase in jet fuel prices.

The total surcharge now ranges from $180 for flights between Singapore and the United States, to $40 for flights from the city-state to other Southeast Asian countries, the carrier said in a statement.

This is the third time this year the company has raised fuel surcharges, as jet fuel prices <JET-SIN> have surged 49 percent so far in 2008. (Reporting by Daryl Loo, editing by Neil Chatterjee)