The Civil Aeronautics Board (CAB) has raised the passenger and cargo fuel surcharge in March ahead of the summer peak season and rising fuel prices.
In an advisory, the CAB said passenger and cargo fuel surcharges for domestic and international flights have been reset to level 6 from March 1 to 31 from Level 5 in February.
Under Level 6 of the passenger fuel surcharge matrix, airlines are allowed to collect from P185 to P665 for domestic flights and from P610.37 to P4,538.40 for international flights.
The CAB also said the cargo fuel surcharge is reset to a range of P0.95 to P2.78 per kilogram for domestic flights under Level 6 and P3.14 to P23.33 per kg. for international flights.
“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,” CAB said.
The 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.
The CAB said the 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.
According to the International Air Transport Association’s (IATA) jet fuel price monitor, the jet fuel prices average $114.59 per barrel as of 9 February this year, up 5.3 percent compared to last month and 2 percent higher than in the same period last year.
