Airline Deutsche Lufthansa raises fuel surcharges
German airline Deutsche Lufthansa AG said Wednesday it has raised passenger fuel surcharges on European and long-haul routes to combat its rising costs for oil.
By Agencies |
FRANKFURT-GERMANY: German airline Deutsche Lufthansa AG said Wednesday it has raised passenger fuel surcharges on European and long-haul routes to combat its rising costs for oil.
The company said in a statement the fuel surcharge on domestic German and intra-European routes will increase by euro3 (US$4.65) to euro24 (US$37.20) per flight segment.
On long-haul routes the corresponding fuel surcharge will be raised by euro10 (US$15.50) to euro92 (US$142.60) per flight segment.
The Cologne-based airline said the increases will apply to all Lufthansa tickets issued on or after June 16.
"In recent weeks, crude oil and kerosene prices have continued to rise and are reaching highest levels," the company said in a statement.
"In response to this development, Lufthansa is adjusting its fuel surcharges on its flights." Lufthansa last increased its fuel surcharges on May 14 - on European flights by euro4 (US$6.20) to euro21 (US$32.55) and on long-haul flights by euro5 (US$7.75) to euro82 (US$127.10).
Shares of Lufthansa were trading up 0.82 per cent at euro15.99 (US$24.78) in Frankfurt morning trading.
The company said in a statement the fuel surcharge on domestic German and intra-European routes will increase by euro3 (US$4.65) to euro24 (US$37.20) per flight segment.
On long-haul routes the corresponding fuel surcharge will be raised by euro10 (US$15.50) to euro92 (US$142.60) per flight segment.
The Cologne-based airline said the increases will apply to all Lufthansa tickets issued on or after June 16.
"In recent weeks, crude oil and kerosene prices have continued to rise and are reaching highest levels," the company said in a statement.
"In response to this development, Lufthansa is adjusting its fuel surcharges on its flights." Lufthansa last increased its fuel surcharges on May 14 - on European flights by euro4 (US$6.20) to euro21 (US$32.55) and on long-haul flights by euro5 (US$7.75) to euro82 (US$127.10).
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"Lufthansa continually monitors oil prices and will make any future adjustments to the fuel surcharge dependent on further trends in the price of jet fuel," the statement said. Shares of Lufthansa were trading up 0.82 per cent at euro15.99 (US$24.78) in Frankfurt morning trading.
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