JAL feels pinch from increases in jet fuel | Airlines | News | en.AvBuyer.com.cn
Friday Aug 22 2008
All times are Beijing time
=requires subscription to en.AvBuyer.com.cn
JAL feels pinch from increases in jet fuel
Published: Aug 22, 2008 

Japan Airlines Corp will raise surcharges for a sixth consecutive quarter to cover rising jet-fuel costs.

Surcharges on flights between Japan and North America would rise by 5,000 yen (US$46.15) to 33,000 yen one way starting on October 1, the Tokyo-based carrier said in a statement on its Website yesterday.

The surcharge on flights to China would rise to 10,500 yen from 8,500 yen, it said.

The price of jet kerosene, the largest expense for Japan Air, averaged US$163.76 in the three months through July, 31 percent higher than the previous quarter, Bloomberg News reported.

The airline introduced surcharges in 2005 and said it would abolish them if fuel prices fell below an average of US40 a barrel.

JAL has hedged more than 80 percent of its fuel needs this fiscal year, protecting it from the surging price for jet kerosene. Cost reductions, including hedging, allowed the carrier to minimize fuel levies announced yesterday, it said.

The carrier increased its prediction for the price of jet fuel by 45 percent this fiscal year to an average of US$160 a barrel on August 7.

Mr. Yang Yuanyuan, Minister of CAAC

Mr. Yang Yuanyuan, former Minister of CAAC , was there at Aviation Expo/China 2007 with us

Mr. Gao Hongfeng, Vice Minister of CAAC,

Mr. Gao Hongfeng, Vice Minister of CAAC, was there at Air Show China 2002 with us

Mr. Yang Guoqing, Vice Minister of CAAC

Mr. Yang Guoqing, Vice Minister of CAAC, was there at Aviation Expo/China 2005 with us | Video

AvBuyer.com.cn is the authorized Official Web Partner & Official Online Broadcasting Partner of Aviation Expo/China 2007 & Aviation Expo/China 2005.
AvBuyer.com.cn is the authorized Online Partner and Online Broadcasting Partner of Airshow China 2008 & Airshow China 2006.
AvBuyer.com.cn is the authorized Online Partner and Online Broadcasting Partner of China Police 2006.
The new en.AvBuyer.com.cn has arrived with easier navigation and more content and new tools
Nov 23, 2007 
en.AvBuyer.com.cn now introduces ABC Magazine channel
Mar 23, 2006