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AirAsia to hike fuel surcharge in July due to rising jet fuel prices

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="An AirAsia plane. AirAsia Newsroom" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2022/news/06/27/20170217-air-asia-plane-2.jpg"/><figcaption>An AirAsia plane. <em>AirAsia Newsroom</em></figcaption></figure></div><p>MANILA — AirAsia Philippines said rising jet fuel costs is likely to affect the fuel surcharges it impose on tickets prices.</p><p>Staring July 1, AirAsia will impose between P350 to P1,050 fuel surcharge in line with the guidelines of the Civil Aeronautics Board, AirAsia Philippines president Ricky Isla told ANC. </p><p>July rates could reach Level 11 from the current Level 7 in the fuel surcharge matrix, the CAB earlier said. </p><p>Under Level 11, airlines are allowed to collect fuel surcharge of P355 to P1,038 per passenger for a one-way domestic flight and from P1,172 to P8,714.84 for international flights coming from the Philippines.</p><p>&quot;[It&#x27;s a] very tough situation, but you know all airlines right now are following the Civil Aeronautics Board with regards to fuel surcharge increase,&quot; Isla said.</p><p>&quot;We really see an uphill increase in our fuel with the 3 recent implementation of all the price increase, fuel surcharge. We expect that this will continue to [have an] impact on our fuel surcharge implementation,&quot; he added.</p><p>Isla shared that fuel covers about 30 to 35 percent of their costs.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/06/22/22/fuel-surcharges-rise-as-jet-fuel-prices-soar">Fuel surcharges to rise in July as jet fuel prices soar</a></li></ul><p>He said the airline is coming up with promotions to entice passengers to fly.</p><p>&quot;We will be able to balance a little bit with our promotions right now for both domestic and international flights,&quot; he said. </p><p>Despite the rising jet fuel prices, Isla said they aim hit 65 percent of their international capacity in the fourth quarter.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/business/06/25/22/cab-airline-fuel-surcharge-increase-to-take-effect-july-1">CAB: Airline fuel surcharge increase to take effect July 1</a></li>	<li><a href="https://news.abs-cbn.com/business/03/01/22/airasia-books-131-percent-rise-in-seats-sold-in-march">Revenge travel is real: AirAsia says books 131 pct rise in seats sold in March</a></li></ul><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2095357" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

AirAsia Philippines said rising jet fuel costs is likely to affect the fuel surcharges it imposes on tickets prices.