Air fares up by August as fuel surcharge soars
The Philippine Civil Aeronautics Board has raised the fuel surcharge for domestic and international flights to Level 13 for the first half of August. This adjustment, which allows airlines to charge significantly higher fees, is a response to rising jet fuel prices in the global market.
Why it matters
Increased fuel surcharges will lead to higher travel costs for consumers, reflecting the volatility of global oil prices on the aviation industry.
MANILA, Philippines - Air fares may see a significant jump by the first half of August, as airlines have been allowed to collect higher charges to cover the rise in jet fuel prices.
In its latest advisory, the Civil Aeronautics Board (CAB) announced that the applicable passenger and cargo fuel surcharge for domestic and international flights from Aug. 1 to 15 would go up to Level 13 from Level 8 implemented from July 16 to 31.
Under Level 13, airlines may charge a fuel surcharge of P423 to P1,237 for domestic flights and P1,396.74 to P10,385.42 for international flights, depending on the distance.
The amount is significantly higher than the current Level 8 rates of P253 to P787 for domestic flights and P835.05 to P6,208.98 for international services.
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