Cebu Pacific cuts fuel surcharge by 20% on all domestic flights

June 26, 2012 10:14 pm 

MANILA, June 25 — Cebu Pacific has reduced its fuel surcharge by as much as 20 percent on all domestic flights starting Monday to attract more passengers.

In a statement, the Gokongwei-led airline carrier said the fuel surcharge from Manila to Visayas, Mindanao and select Luzon routes would be reduced by P100; from Manila to select Luzon routes, less P50; and from Visayas to Luzon and Mindanao and within Visayas, less P50.

Fuel surcharge from Mindanao to Visayas and within Mindanao also reduced by P50.

Fuel surcharges are added to air fares to help airlines all over the world offset the rising cost of fuel, which is a major cost component for airlines.

According to the International Air Transportation Association (IATA), the jet fuel price averaged $ 114.4 a barrel as of June 15, down by 12.4 percent year-on-year.

On a monthly basis, jet fuel prices dropped by 8.9 percent.

IATA expects jet fuel prices to average $ 131 a barrel, translating to an additional $ 34 billion to the global industry’s fuel bill this year.

“We are committed to offering the public the lowest all-in fares in all the routes we operate. Now, CEB’s all-in lowest fares will be even more affordable to business and leisure travelers in the Philippines,” said CEB VP for Marketing and Distribution Candice Iyog.

“CEB will continue to look for ways to make flying accessible to everyone, with the expected delivery of three more brand-new Airbus A320 in the second half of the year. More aircraft will make a difference in supporting the growth of Philippine tourism and trade,” she added.

CEB introduces its reduced domestic fuel surcharge with a sale from Manila to Visayas (P888 all-in seat sale), and from Manila to Mindanao (P1,188 all-in seat sale). This is available from June 25 to 27, 2012 or until seats last, for travel from August 25 to October 31, 2012.

Passengers can also buy P688 all-in seats on its two newest domestic routes: Davao-Puerto Princesa and Davao-Kalibo (Boracay).

These new routes will be launched on August 2, 2012.

All-in domestic fares are inclusive of fuel surcharge, administration fee, aviation security fee, 12-percent VAT and seven kilos hand carry baggage allowance, but exclusive of check-in baggage.

CEB currently operates 10 Airbus A319, 20 Airbus A320 and eight ATR-72 500 aircraft. Its fleet of 38 aircraft – with an average age of 3.6 years– is the largest aircraft fleet in the Philippines.

Between 2012 and 2021, Cebu Pacific will take delivery of 22 more Airbus A320 and 30 Airbus A321neo aircraft orders.

It is slated to begin long-haul services in the third quarter of 2013. (PNA)

LDV/DGA

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