TOKYO June 8, 2009 - ANA today applied to Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) to raise its surcharge on international cargo shipments from July 1, 2009.
Since April this year, the surcharge has been fixed for one month and revised on the basis of the average price of jet fuel for the month immediately preceding the announcement of the next revision. The next surcharge will thus be set according to the average price of jet fuel for the month of May - as reported by the US Department of Energy - and come into effect on July 1. As jet fuel rose to an average of US$64.20 per barrel in that month, ANA regrets that it must ask its valued customers to share the increased cost burden, in spite of its ongoing efforts to curb costs and increase revenues.
|The next revision to the cargo Fuel Surcharge, if any, will take effect on August 1, based on the average price of Singapore kerosene for the month of June, and will be announced in July.
If the monthly average cost of Singapore kerosene falls below US$30 per barrel, the fuel surcharge will be removed altogether.