Airfares to drop after record surcharge cut



Citicore Renewable Energy Corp. (CREC) has secured P4.05 billion in fresh financing from state-run Land Bank of the…

Nosy Tarsee caught word from the trading floor and it’s not a happy one for a certain batch of small investors who…

The International Finance Corp. (IFC), the private-sector arm of the World Bank Group, has committed $100 million to…

International Container Terminal Services Inc. (ICTSI) has set a new benchmark for the local stock market after…

The inauguration on 13 July also reminded us that infrastructure is not just about concrete and buildings. It is about…
Passengers can expect lower ticket prices starting in June as the Civil Aeronautics Board (CAB) slashed the fuel surcharge to its lowest level, easing travel costs ahead of the peak travel season.
In an advisory issued Wednesday but dated 19 May, the CAB reduced the fuel surcharge to Level 3 from Level 4, citing easing global fuel prices. The revised surcharge will apply to both domestic and international flights next month.
“Airlines wishing to impose or collect fuel surcharge for the same period must file their application with this Office on or before the effectivity period, with fuel surcharge rates not exceeding the above-stated level,” the regulator added.
Under Level 3, passengers will pay an additional P83 to P300 for domestic flights and P273.36 to P2,032.54 for international routes. These are down from the current Level 4 rates, which range from P117 to P342 for domestic travel and P385.70 to P2,867.82 for international trips.
Reacting to the development, budget air carrier Cebu Pacific President and Chief Commercial Officer Xander Lao said lower surcharges support continued demand for air travel as Filipinos plan vacations and overseas trips in June.
“We welcome the decision of the Civil Aeronautics Board to lower the fuel surcharge for June. This recent adjustment supports our efforts to offer more affordable travel to even more destinations, as seen by our increase in routes — especially in our hubs outside of Manila, such as Clark, Iloilo, Cebu, and Davao,” Lao said.
“With summer travel upon us, we at Cebu Pacific encourage our passengers to book early, take advantage of our various promos, and enjoy our lowest fares. We look forward to flying everyone to their much-awaited vacations, based on the fare, and intend to help airlines offset volatile fuel costs.