As negotiations for peace between the United States and Iran lead to a decline in international oil prices, the burden of fuel surcharges 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 at level 19, down eight levels from the 27 levels applied in June.
This change is due to the average price of Singapore jet fuel (MOPS) dropping from 410.02 cents per gallon for the period from April 16 to May 15 to 338.3 cents for the period from May 16 to June 15.
As a result, Korean Air's fuel surcharge will decrease by approximately 25%, with one-way fees ranging from a minimum of 46,400 won to a maximum of 344,000 won. In June, the one-way surcharge was between 61,500 won and 451,500 won.
Asiana Airlines is also expected to lower its July fuel surcharge by 29%, with the minimum one-way fee set at 48,500 won, down from 68,000 won in June. 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) will also announce their July fuel surcharges based on these adjustments in the coming days.
* This article has been translated by AI.
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