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Friday, May 31, 2013

Malaysia Airlines Adds Fuel Surcharge

Malaysia Airlines is incorporating a fuel surcharge into its fares beginning in June. 
(Malaysia Airlines Boeing 737. Photo, courtesy of Boeing.)
The Asia-Pacific carrier also announced new "all-in fares," and said the new fuel surcharge complies with International Air Transport Association (IATA) guidelines. 
For the first quarter of 2013, the airline reported a $90.2 million net loss. Although it did not report the first quarter loss as a reason for adding the fuel surcharge, higher jet fuel prices and "poor economic conditions" in the region were mentioned in its first quarter operating results. 

“The continued high jet fuel prices, added capacity in the market and increased competition, put pressure on our yields. The business environment is tough, but Malaysia Airlines is now able to respond faster to changes in the market," said Ahmad Jauhari Yahya, CEO of Malaysia Airlines Group. 

Related: Aviation Today's Checklist

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