Air France hikes fuel surcharge onlong-haul flights

18th August 2004, Comments 0 comments

PARIS, Aug 18 (AFP) - Air France said Wednesday it was increasing its fuel surcharge by EUR 12 (USD 14.82) on long-haul flights from Monday until there is a month-long dip in oil prices.

PARIS, Aug 18 (AFP) - Air France said Wednesday it was increasing its fuel surcharge by EUR 12 (USD 14.82) on long-haul flights from Monday until there is a month-long dip in oil prices.

The group, which introduced a EUR 3 surcharge on all flights in May, said it would also increase the surcharge on medium-haul journeys by EUR 3, that on domestic flights by EUR 2 and that to France's overseas territories by EUR 10.

The August 24 surcharge increases will remain in place until the price of a barrel of oil remains below USD 35 for a consecutive 30-day period, the flag carrier said.

Its KLM unit said separately it would increase the fuel surcharge by an average of EUR 3 per ticket for all fares from September 1.

Oil prices spiked to a new record high Tuesday after Russian oil titan Yukos hit a legal block in efforts to pay a crippling tax bill, exacerbating oil supply fears.

New York's benchmark light sweet crude contract for delivery in September hit an all-time high USD 46.95 a barrel before finishing at a record settlement of USD 46.75, up 70 cents on the day.

© AFP

Subject: French news

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