TOKYO December 15, 2009 - Owing to the continued rise in the cost of jet fuel (Singapore kerosene), ANA today applied to the Ministry of Land, Infrastructure, Transport and Tourism to raise its fuel surcharge on international flights from February 1 to March 31, 2010. The fuel surcharge is fixed for a period of two months, after which it is revised on the basis of the average market price of Singapore kerosene for the two months previous to the date of application for revision. Jet fuel rose to an average of US$82.4 per barrel from October to November this year, in view of which ANA regrets that it must ask its valued customers to once again share the increased cost burden, in spite of ongoing efforts to curb costs and increase revenues. |