ANA to Lower International Fuel Surcharge for January-March 2009

Japanese carrier ANA has applied to the Ministry of Land Infrastructure and Transport to lower its fuel surcharge on international flights from January 1 to March 31, 2009. The fuel surcharge is fixed for a period of three months, after which it is revised on the basis of the average market price of jet fuel (in ANA’s case, Singapore kerosene) for the three months previous to the date of application for revision.

Jet fuel fell to an average of$115.92 per barrel from August to October this year, a drop that enables ANA to pass the benefit on to its customers, subject to government approval. ANA will remove the surcharge altogether if the three months average cost of Singapore kerosene falls below $60 per barrel.

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