TOKYO November 29, 2007 - ANA today applied to Japan’s Ministry of Land, Infrastructure and Transport to revise upwards its surcharge on international cargo shipments from January 1, 2008. Since October this year ANA has fixed its fuel surcharge for a three month period, with any revision based on the average price of jet fuel for the three months immediately preceding the time of the application. For the three month period from August to October 2007, Singapore kerosene - as reported by the US Department of Energy - averaged US$90.65 per barrel; currently it remains at a historical high of around US$110 per barrel. ANA continues to strive to curb costs and secure greater operating efficiencies, however it regrets that it must ask its valued customers to once again share the increased cost burden. |
The surcharge will remain at the revised level until March 31, 2008, regardless of movements in the energy market.
The next revision, coming into force on April 1, 2008, will be based on the average market price of Singapore kerosene for the three months from November, 2007, to January, 2008 as reported by the US Department of Energy. The surcharge will be reduced if the average market price of Singapore kerosene falls below US$90 per barrel for three consecutive months, and thereafter as the market price continues to fall, measured in units of US$5. Likewise it will be discontinued completely if the average market price drops below US$30 per barrel for three consecutive months. Please refer to the chart below for details. |
