Singapore Airlines has announce that it will increase its fuel surcharge for tickets issued on or after December 2, 2010 as a result of a sustained escalation in the price of jet fuel in recent months.
The price of jet fuel is now above USD95 per barrel.
The airline says that the increase in the fuel surcharge is the first since June 2008. The last three revisions were to reduce fuel surcharges, in September 2008, November 2008 and February 2009.
The new levels shown below will apply to Singapore Airlines and SilkAir flights. They represent an increase of between USD3 and USD25 per sector, depending on the distance and class of travel.
For flights to and from China the surcharges will be USD 102 for first class and suites tickets, USD91 for business class tickets, and USD 80 for economy class tickets.
Singapore Airlines says that the adjustments will offer only partial relief from the higher operating costs arising from increases in the price of jet fuel and it will continue to closely monitor the price of fuel and keep surcharges under constant review.
The application of fuel surcharges may be subject to regulatory approval or variation in some individual markets.