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LIAT reduced fuel surcharge |
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Monday, 22 September 2008 |
LIAT is pleased to announce that with effect from 15th October, 2008 it will be reducing its fuel surcharge by US$2.50 per one way journey. This reduction has been made possible by the easing of world oil prices that now appear to have stabilized at around US$100/barrel. LIAT’s current surcharge was fixed when oil reached US$120/per barrel.
Mark Darby, CEO of LIAT commented. “At the time we increased the fuel surcharge, we made a commitment to reduce the surcharge as and when oil prices declined. It appears that prices have stabilized – albeit at levels much higher than we anticipated earlier in the year. We constantly monitor our fuel costs and will seek to reflect changes (up or down) in any surcharges going forward.”
He further added, “Our customers have understood the need to vary our prices because of the increase in oil but we are anxious to keep the cost of air travel down, so are making this announcement, now that it appears that there is some stability in world oil prices.”
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