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SWISS: Record fuel prices prompt fuel surcharge adjustment
Friday, June 06, 2008
The prices of crude oil and jet fuel have seen further steep rises to new record levels over the last few weeks. A number of major European airlines have already increased their fuel surcharges in the light of these developments.

SWISS is now following suit, and is adjusting its own fuel surcharges. The SWISS fuel surcharge for long-haul flights will increase by CHF 11 to CHF 155 per sector; and the fuel surcharge for European flights will rise CHF 3 to CHF 39 per sector.

The new fuel surcharges will apply to all tickets for air travel originating in Switzerland which are issued from June 12 onwards. Tickets issued up to and including June 11 will be subject to the present surcharge provisions.

SWISS constantly monitors oil prices, and will continue to adjust its fuel surcharges in response to further fuel price trends on the commodities markets. Should the price of crude oil fall to below its present level for more than four weeks, SWISS will rescind this latest fuel surcharge increase.

 

Vicky Karantzavelou - Friday, June 06, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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