The Civil Aeronautics Board (CAB) said it reduced the passenger and cargo fuel surcharge levels for February 2024 on cheaper jet fuel prices.
It said in an advisory the passenger and cargo fuel surcharges for domestic and international flights would go down to level 5 from Feb. 1 to 29, 2024 from level 6 in January.
Under level 5, the fuel surcharge for domestic flights ranges from P151 to P542, depending on the distance, while for international flights, the fuel surcharge may range from P498 to P775.
“Airlines wishing to impose or collect fuel surcharge must file its application with CAB on or before the effectivity period, with fuel surcharge rates not exceeding the above-stated level,” it said.
The CAB said airline fuel surcharge is an optional fee, imposed and collected by airlines to recover fuel costs and stem losses caused by upward spikes in fuel cost.
It said fuel surcharge is not a part of the basic airfare and may be reduced or removed depending on the price of jet fuel in the market.
AirAsia Philippines spokesperson and first officer Steve Dailisan said the lowering of fuel surcharge is a welcome development for the airline and its guests especially for those planning their early summer getaways.
“While aviation fuel prices remain volatile, the adjustment in fuel surcharge cost comes in very timely with many Philippine festivals happening from its period of implementation,” Dailisan said.
“Planning your summer travels ahead this 2024 will also save on cost which you may use to purchase other ancillary products such as additional baggage or any of our Santan meal offerings. Meanwhile, to further stir the demand in the domestic market, AirAsia is offering a Fiesta promo which provides a one-way base fare from as low as P68 for all domestic destinations,” he said.
