HONG KONG The Hong Kong government Thursday said it approved Cathay Pacific Airways Ltd.'s (0293.HK) application to reduce its passenger fuel surcharges by up to 3% in October because of lower oil prices.
The Civil Aviation Department also approved a request from Singapore Airlines Ltd. (C6L.SG) to cut its fuel surcharges by the same amount, it said.
The fuel surcharge for short-haul flights operated by Cathay Pacific and Singapore Airlines will fall 2% to HK$210 per journey from HK$215 and the surcharge for their long-haul flights will reduced by 3% to HK$1,008 from HK$1,042.
The Civil Aviation Department also approved a request from All Nippon Airways Co. (9202.TO) to lower its passenger fuel surcharge for short-haul flights by 2% to HK$210 from HK$215 per journey, it said.
The government had earlier said it would review passenger fuel surcharge applications from airlines on a monthly basis instead of every two months to enable airlines to quickly adjust their surcharges in line with changes in jet fuel prices.
By Joanne ChiuHONG KONG -(Dow Jones)- The Hong Kong government Thursday said it approved Cathay Pacific Airways Ltd.'s (0293.HK) application to reduce its passenger fuel surcharges by up to 3% in October because of lower oil prices. The CivilAviation...
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