By M. Krishnamoorthy
Kuala Lumpur, Malaysia: Malaysia Airlines (MAS) is increasing fuel surcharge by 10% to 30% on all international sectors from today.
For between Malaysia and India, the fuel surcharge for one-way will increase from RM288 to RM406; Malaysia and Australia/New Zealand, from RM457 to RM643; and Malaysia and Britain (from RM575 to RM771).
A few days ago, MAS had forewarned that it would be a very tough ride ahead.
MAS managing director Datuk Seri Idris Jala had said the increase in fuel surcharge would be competitive.
Fuel accounts for 40% of an airline?s total cost and jet fuel hit a record US$173.55 (RM560.56) a barrel on May 27 before falling to US$161.85 (RM522.77) in Singapore last Friday.
In a circular issued by MAS' regional general manager office, travel agents were notified of the revised surcharge via e-mail yesterday.
Grand Lotus Travel managing director K. Thangavelu said the increase was high and would definitely affect passengers and the travel industry as many might reduce their trips.
The spiralling oil prices had pushed airfares to ridiculous levels with fuel surcharge costing more than the tickets in certain instances.
Malaysia Airlines is expected to announce the new fares officially at a press conference today.
MAS' last fuel surcharge increase was three weeks ago.