MANILA, Philippines — Higher fares loom for airline passengers this year as the Civil Aeronautics Board (CAB) is likely to allow local airlines to reimpose fuel surcharge on the back of skyrocketing fuel costs. Flag carrier Philippine Airlines (PAL) and sister carrier PAL Express in December last year filed a petition with the CAB to impose fuel surcharge worth P51 to P207 to recover higher costs of fuel. Once the petitions of the local airlines are approved, Arcilla said foreign airlines are expected to seek their respective fare hikes as well. 79, lifting the authority of domestic and foreign airlines to impose fuel surcharge on domestic and international flights. In the past, the CAB allows airlines to impose a fuel surcharge to help recover fuel costs and system losses caused by sudden spikes in fuel prices.

Source: Philippine Star September 09, 2018 15:33 UTC