ANA to Lower International Fuel Surcharge From April 1
All Nippon Airways Co., Ltd. | Feb. 15, 2007
On February 15, ANA filed an application with Japan's Ministry of Land, Infrastructure and Transport to lower its fuel surcharge on international tickets issued on or after April 1 this year, in line with revised IATA fares and movements in the market price of oil.
The international fuel surcharge was introduced in February, 2005, along with provisions for its reduction or removal in light of the following market conditions:
If on the 10th day of the month (or the next working day where the 10th falls on a holiday), the price of Singapore kerosene1 has remained below US$75 per barrel for the preceding 30 consecutive days, the surcharge will be lowered to the levels shown in chart (2). Similarly, if the market price continues to fall, it will be further reduced in accordance with the chart. The fuel surcharge will be discontinued completely if the market price drops below US$40 per barrel for 30 consecutive days. Changes come into effect from the first day of the following month.
(1) Current and Proposed Surcharge Levels (per person, per single sector)
*the present fuel surcharge on Hong Kong routes was set at a level lower than that normally applied for routes of equivalent distance for reasons of government approval. The approved fuel surcharge level may thus be lower than that applied for in this revision.
Conditions:
1) The surcharge applies to all fares, including discount fares, child fares and award tickets. The surcharge is not subject to any discount whatsoever.
2) In the case of refunded tickets, the surcharge will be refunded in full and will not be subject to any charges.
3) The actual amount of the surcharge may vary as the above is subject to government approval.
(2) Fuel surcharge reductions in accordance with changes in the price of Singapore kerosene, where the price falls below the following levels for 30 consecutive days or more
1. According to data published on the website of the US Department of Energy
2. Days when the Singapore kerosene market was open