5 months Airlines allowed to impose fuel surcharge MB |Biz
By Emmie V. Abadilla Local airlines can impose higher fuel surcharges in the next two months (July to August) to recover their losses in the wake of the spike in jet fuel prices. In the middle of this month, the Civil Aeronautics Board (CAB) issued an advisory stating that from April to May 2019, jet fuel averaged US$82.96 per barrel, equivalent to P27.24 per liter at an exchange rate of P52.19. This is an increase from the $80.01 per barrel, equivalent to P26.32 per liter at an exchange rate of P52.30 per dollar, in February to March 2019. The higher ... more