TOKYO March 9, 2010 - ANA today applied to Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) to reduce its surcharge on international cargo shipments from April 1, 2010.

The cargo fuel surcharge is 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, if any. The next surcharge will thus be set according to the average price of jet fuel for the month of February - as reported by the U.S. Department of Energy - and come into effect on April 1. As jet fuel averaged of US$82.37 per barrel in that month, the surcharge will be fixed in accordance with the chart below.
Though the level will be lowered, ANA again regrets that it must continue to ask its valued customers to share the burden of fuel costs, in spite of its own ongoing efforts to control costs and increase revenues.

The next revision to the cargo Fuel Surcharge, if any, will take effect on May 1, based on the average price of Singapore kerosene for the month of March, and will be announced in April.
If the monthly average cost of Singapore kerosene falls below US$30 per barrel, the fuel surcharge will be removed altogether.