Taiwan Cuts Passenger Fuel Surcharges as Aviation Fuel Prices Drop
MT Newswires Live
Jun 02
Taiwan's international passenger fuel surcharges will be reduced from June 7 as aviation fuel prices decline, the Civil Aviation Administration (CAA) said Monday.
The surcharge for short-haul flights operated by Taiwanese carriers will drop to $35 from $45, while that for long-haul routes will decrease to $91 from $117. This came after international aviation fuel prices declined to $160.10 per barrel from $208.78 per barrel.
The CAA said the adjustment follows its fuel surcharge mechanism, which links charges to fuel price movements, and has asked airlines to disclose relevant information to help passengers better understand the calculation basis.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.