AirAsia Zest plans to raise fares
MANILA, Philippines - AirAsia Zest is seeking approval for its plan to increase fares for eight international destinations.
AirAsia Zest filed a petition before the Civil Aeronautics Board seeking authority to raise the fuel surcharge by between P70 and P150 for eight international destinations.
The fuel surcharge adjustments are as follows:
Manila-Kota Kinabalu would increase to P750 from P650;
Manila-Kuala Lumpur to P970 from P900;
Manila-Shanghai to P1,670 from P1,600;
Manila-Macau to P750 from P600;
Manila-Incheon to P2,670 from P2,600;
Cebu-Incheon to P2,670 from P2,600;
Kalibo-Incheon to P2,670 from P2,600; and
Kalibo-Pusan to P2,670 from P2,600.
Airlines are allowed by the CAB to impose fuel surcharge on international and domestic passengers as a temporary relief to help airlines recover losses from the increase in jet fuel prices in the world market.
Recent data from the Jet Fuel Price Monitor of the International Air Transportation Association (IATA) showed that the price of jet fuel, on the average, went up by 5.7 percent to $124.3 per barrel.
Last April, the CAB had allowed AirAsia Zest to raise fares for 13 domestic and international destinations, again due to higher jet fuel prices in the world market.