No rush to follow Singapore in fuel levy cuts

Singapore: Larger airlines serving Asia appear reluctant to follow Singapore Airlines' lead in reducing fuel surcharges as aviation gas prices fall from record highs. The Straits Times newspaper reports today that only Thai has given any indication it will follow suit, with a decision due before the month's end.
Last week, Singapore Airlines trimmed up to US$20 off round-trip tickets for short- and medium-haul flights, amounting to a 10% reduction on a return flight from Singapore to India.
Jet fuel - which is traditionally considerably more expensive than petrol sold for motor vehicles, has eased back from a high of US$181 a barrel in July to around $125. Crude oil prices are fluctuating around the $100 mark.
British Airways says while the price of fuel has droppe din recent weeks "the market remains volatile with Opec again looking to cut its output".
A strengthening of the value of the US dollar was also eating into the impact of falling fuel costs.
The Straits Times reports that Malaysian Airlines plans to maintain fuel surcharges at current levels.
Qantas and Lufthansa have reportedly adopted a wait and see aproach before deciding on cuts.
15/09/08 Aviation Record, Australia

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Categories: Foreign Sep 2008, Indian Aviation- In General Sep 2008