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SIA and Virgin reduce fuel surcharges
Singapore Airlines and Vrigin Atlantic have become the latest airline to reduce its fuel surcharges, following a decline in jet fuel prices.
The surcharge on SIA flights from Europe to Singapore have gone down from $60 to $54 per sector, while on flights in Asia, the rate reduces from $20 to $18.
Meanwhile, Virgin has reduced its levy on international flights by £5 to £30.
A statement from SIA said: “In recent weeks, the price of jet fuel has dropped, although the price is still substantially higher than when the decision to impose surcharges was first made.
“Collections from the fuel surcharges have only ever given partial relief from the cost increase as a result of the high price of jet fuel.
“When the surcharges were introduced, Singapore Airlines undertook to keep their application under ongoing review, and to make adjustments in response to sustained changes in the price of jet fuel.”
The airline will continue to monitor the price of jet fuel and regularly review the level of the surcharge.
Virgin Atlantic chief executive Steve Ridgway, quoted by the BBC, said: “With lower oil prices, we can now pass on some of the small savings we are making back to our travellers. We will continue to keep the surcharge under review, depending on the price of oil and the total costs to the business.”
The moves follows KLM cutting its fuel surcharges.
Report by Phil Davies
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