Cathay Pacific said today (July 24) that jet fuel prices, after declining for a period following their peak in April, have recently risen again due to escalating tensions in the Middle East. In light of the recent upward trend in jet fuel prices, the airline will adjust its passenger fuel surcharge effective August 1.
For flights from Hong Kong to the Chinese mainland, the fuel surcharge will be increased from the current HK$165 to HK$198. For flights between Hong Kong and the Southwest Pacific, North America, Europe, the Middle East, and Africa, the surcharge will rise from HK$965 to HK$1,362; for flights between Hong Kong and the Indian subcontinent, it will go up from HK$448 to HK$633; and for other flights, it will increase from HK$241 to HK$339.
Cathay Pacific stated that this adjustment to the passenger fuel surcharge is the first increase since April, and the revised levels remain lower than the peak seen in April. The airline noted that it had reduced the fuel surcharge multiple times since May in response to falling jet fuel prices, demonstrating that the current mechanism effectively reflects changes in jet fuel prices. The airline will continue to review the fuel surcharge every two weeks.
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