CAB KEEPS SURCHARGES UNCHANGED AT LEVEL 6

THE Civil Aeronautics Board (CAB) announced that passenger and cargo fuel surcharge levels will remain unchanged for a third consecutive month in May 2024.

In an advisory, the CAB said passenger and cargo fuel surcharges for domestic and international flights will be Level 6 from May 1 to May 31, the same level as this month.

Under Level 6 of the passenger fuel surcharge matrix, airlines are allowed to collect a fuel surcharge of P185 to P665 for domestic flights and P610.37 to P4,538.40 for international flights.

The CAB said for the cargo fuel surcharge, airlines are allowed to charge P0.95 to P2.78 per kilogram (kg) for domestic flights under Level 6 and P3.14 to P23.33 per kg for international flights.

"Airlines wishing to impose or collect fuel surcharge must file its application with CAB on or before the effectivity period, with fuel surcharge rates not exceeding the above-stated level," it said.

The CAB said airline fuel surcharge is an optional fee that is imposed and collected by airlines to recover fuel costs and stem losses caused by upward spikes in fuel prices.

It said fuel surcharge is not a part of the basic airfare and may be reduced or removed depending on the price of jet fuel in the market.

According to the International Air Transport Association's Jet Fuel Price Monitor, the average jet fuel prices stood at $111.01 per barrel as of April 12 this year, up 3.2 percent compared to last month and lower by 1.2 percent compared to the same period last year.

2024-04-18T17:53:21Z dg43tfdfdgfd