Airfare Expected To Increase In July and August
Travelers flying from destinations in the Philippines can expect to pay higher airfare for the next two months, the Civil Aeronautics Board (CAB) revealed.
Domestic travelers in the Philippines will see more expensive airfares in the next two months as revealed by the Civil Aeronautics Board (CAB).
The CAD said in an interview that the price of jet fuel averaged $82.96 per barrel, with the USD exchange rate of 52.19 for the same period. This in turn equates to ₱27.24 per liter, which corresponds to Level 3 of the Passenger Fuel Surcharge Matrix.
Under Level 3 of the Fuel surcharge matrix suggests that airlines are allowed to impose an increase of ₱74 to ₱291 for passengers flying domestic routes, depending on destination. Meanwhile, international routes may have an increase of ₱381 to ₱3,632, also depending on their destination.
May to June fell under Level 2 fuel surcharges which are ₱45 to ₱171 for domestic flights and ₱218 to ₱2,176 for international flights.
CAB noted that airlines who want to impose fuel surcharges for the period must file on or before the beginning of the effectivity period or July 1. For fuel surcharge to be collected in the equivalent currency, the applicable conversion rate for the period will be $1=P52.19.