JAL to Revise International Cargo Fuel Surcharge

On Thursday, JAL filed an application with the Japanese Ministry of Land, Infrastructure and Transport to revise from August 1, 2007 the international cargo fuel surcharge for flights departing from Japan only.

The international cargo fuel surcharge on long haul routes for flights departing Japan will increase from 66 yen to 73 yen per kg. In the case of short haul international routes, the surcharge will increase from 57 to 63 yen per kg.

JAL has decided to increase the fuel surcharge on international cargo flights departing Japan, as during the period May 11 to June 11 2007 the price of Singapore kerosene-type jet fuel averaged US$80 per barrel for 20 consecutive working days.

The company is conducting a wide range of countermeasures to limit the full impact of the price increase including fuel hedging, fuel consumption reductions, and the introduction of more fuel-efficient medium-sized aircraft to its freighter fleet.

The fuel surcharge will be reduced once the average monthly price of Singapore kerosene falls below the benchmark of US$80 per barrel for 20 consecutive working days. The surcharges will be cancelled completely if  the average monthly price of Singapore kerosene falls below the benchmark of US$28.49 per barrel.

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