Airline fares may decrease for September as Civil Aviation Bureau maintains fuel surcharge at its highest level, Level 4.
The Civil Aeronautics Board (CAB) has announced that the fuel surcharge for air travel will remain at Level 4 for the month of September. This decision comes in response to volatile global oil prices and is aimed at providing travelers with more predictable airfare costs.
The fuel surcharge, which is adjusted monthly by the CAB, plays a significant role in travel planning, particularly during the "ber months" and holiday season. For domestic flights, the surcharge ranges from P117 to P342, while for international flights, it varies depending on the destination, with prices ranging from P385.70 to P2,867.82.
Eastern Air Lines has welcomed the CAB's decision, stating that it will help passengers save money on their flights. AirAsia Philippines has also expressed its support, noting that the decision will allow passengers to maximise their savings. Industry stakeholders have echoed these sentiments, expressing their support for the CAB's decision.
The CAB's decision to retain the fuel surcharge does not alter the expectation of keeping additional charges on tickets within a manageable range. The monthly adjustment of the fuel surcharge is intended to help airlines remain competitive in the face of volatile global oil prices.
However, the CAB's decision does not guarantee that the cost of air travel will not be impacted in the future. With global oil prices continuing to fluctuate, it is possible that the fuel surcharge may be adjusted again in the future.
In conclusion, the CAB's decision to retain the fuel surcharge at Level 4 for September is good news for travellers, as it offers more affordable ticket prices and predictable airfare costs. Travelers are advised to keep an eye on future announcements from the CAB regarding any changes to the fuel surcharge.
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