Tigerair Philippines Raising Fares on International Routes
Budget carrier Tigerair Philippines, a subsidiary of low-cost carrier Cebu Pacific, is seeking the approval of the Civil Aeronautics Board to raise fuel surcharges on a number of its international routes. The airline has filed a petition to raise charges on flights to Hong Kong, Singapore, and Phuket.
Copyright Photo: Angelo Agcamaran/PPSG |
According to the petition, the fuel surcharges on international tickets will be raised on the following routes:
- Clark-Hong Kong ($10 to $25)
- Clark-Singapore ($20 to $35)
- Kalibo-Singapore ($26 to $40)
- Cebu-Singapore ($25 to $40)
- Manila-Phuket (P1,100 to $45)
- Clark to Bangkok ($20 from P900)
- Clark to Hong Kong ($10 from P500)
- Clark to Singapore ($20 from P860)
- Cebu to Bangkok ($35)
- Kalibo to Hong Kong ($25)
- Cebu to Singapore ($25)
Tigerair's parent company Cebu Pacific also imposed higher fuel surcharges on 22 international destinations from its various hubs throughout the Philippines. The airline cited the rising aviation fuel costs and the depreciation of the peso against the dollar as reasons for the fuel surcharge increases. Airlines in the Philippines are permitted to impose fuel surcharges as temporary relief against rising jet fuel prices in the global market. Fuel accounts for nearly 50 to 60 percent of an airline's operating costs per passenger. It is typically the second highest expense behind labour.
According to the Jet Fuel Price Monitor of the International Air Transportation Association, the latest price of jet fuel averaged at $121.40 per barrel as of March 14. The IATA expects jet fuel prices to rise to as much as $124.20 per barrel this year.
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