Japan's two largest airlines, Japan Airlines (TYO:9201) and ANA (TYO:9202), will implement fuel surcharge increases starting next month following a sharp rise in jet fuel costs triggered by the Iran war, Nikkei Asia reported on Tuesday.
The carriers will adjust their pricing systems to raise the maximum surcharge, with new rates taking effect for international tickets purchased from May 1 onward, coinciding with Japan's Golden Week holiday period, the news agency said.
Fuel surcharges, which are recalculated every two months based on kerosene prices, prompted the airline's decision after the average price from February to March reached $146.99 per barrel, the publication said.
Japan Airlines will raise its surcharge for flights from Japan to Europe or North America by 93% to 56,000 yen, while flights to South Korea will more than double to 6,500 yen, the report said.
Similarly, ANA will increase its cap on the surcharge, raising flights to North America and Europe from 31,900 yen to 56,000 yen and flights to South Korea from 3,300 yen to 6,700 yen, the report added.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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