As international oil prices decline due to peace negotiations between the United States and Iran, the burden of the fuel surcharge on international airline tickets will significantly decrease starting in July.
According to the airline industry on June 16, tickets issued in July will be subject to a fuel surcharge set at 19 levels, down from 27 levels applied in June.
This reduction is attributed to the average price of Singapore jet fuel (MOPS), which fell from 410.02 cents per gallon (based on April 16 to May 15) to 338.3 cents (based on May 16 to June 15) for July.
As a result, Korean Air's fuel surcharge will decrease by approximately 25%, ranging from a minimum of 46,400 won to a maximum of 344,000 won for one-way tickets. In June, the surcharge was between 61,500 won and 451,500 won.
Asiana Airlines is also expected to lower its July fuel surcharge to a minimum of 48,500 won, down 29% from June's 68,000 won. The maximum surcharge will drop from 382,800 won in June to 275,800 won in July, a decrease of about 28%.
Other domestic low-cost carriers (LCCs), excluding Korean Air and Asiana Airlines, are expected to announce their July fuel surcharges based on these changes in the coming days.
* This article has been translated by AI.
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