MANILA, Philippines - Budget airline Cebu Air Inc., the operator of Cebu Pacific of taipan John L. Gokongwei Jr., is set to impose a 38 percent hike in fuel surcharge for passengers going to Pusan and Incheon in South Korea due to higher price of aviation fuel in the world market.
In a petition before the Civil Aeronautics Board (CAB), Cebu Pacific said it is seeking approval for upward adjustment on fuel surcharge imposed on international tickets for flights to Incheon and Pusan via the Ninoy Aquino International Airport (NAIA) and the Mactan-Cebu International Airport.
The carrier is seeing to impose a 38 percent increase in fuel surcharge for Manila-Incheon flights as well as a 24 percent rise in fuel surcharge for the Manila-Musan route.
It also intends to impose a 34 percent increase in fuel surcharge for flights to Pusan and Incheon from Cebu.
In a separate petition, Cebu Pacific also sought the green light from CAB to impose a P250 fuel surcharge for flights between Cebu and Camiguin in Northern Mindanao starting April 15, and P300 for flights between Cebu and Masbate in the Bicol Region starting June 1.
Last month, Cebu Pacific sought CAB approval to hike its fuel surcharge between P50 and P100 in certain domestic routes due to rising cost of aviation fuel.
The airline intends to impose a P50 hike for flights between Manila and Dipolog, Gen. Santos, Roxas, and San Jose as well as between Cebu and Butuan, Ozamiz, Pagadian, Surigao and Tacloban.
It also intends to slap a P50-increase in fuel surcharge between Davao and Cagayan de Oro, as well as Iloilo and Gen. Santos.
Cebu Pacific is also set to impose an P80-increase in fuel surcharge for the Manila-Laoag route, as well as P100 for flights between Davao and Puerto Princesa.
The CAB allows airlines to impose fuel surcharge on international and domestic passengers as a temporary relief to help them recover losses arising from the increase in jet fuel prices in the world market.
Latest results of the Jet Fuel Price Monitor of the International Air Transportation Association (IATA) showed that the price of jet fuel average $135.4 per barrel as of March 1, or higher than the full year target of $130.3 per barrel set by IATA.