The Civil Aeronautics Board (CAB) has lowered the fuel surcharge level in January next year following the drop in the price of jet fuel.
In an advisory on Thursday, CAB Executive Director Carmelo Arcilla announced that the fuel surcharge for January 1 to 30, 2023 was lowered to Level 7.
For international passenger flights originating from the Philippines, the fuel surcharge ranges from P835.05 to P6,208.98. “This initiative helps all airline companies to cushion the effects of the volatile fuel pricing and the weakening value of the peso versus the US dollar,” Carongoy said. “All these efforts are proven to be effective in terms of sustaining the pent-up demand for air travel as reflected in the forward bookings for 0-90 days. In fact, the load factor for the month of December is now at 90% and still increasing,” he said.“This decrease in fuel surcharge for January 2023 is a welcome development, especially as we see a continuous increase in passenger traffic and forward bookings.
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