Travellers are being pre-warned of a potential airfare hike on flights to and in the Philippines as the country’s local carriers seek approval to collect fuel surcharges.
Go back to the budget and save a little because according to Bloomberg, Cebu Pacific filed the fuel surcharge request to the Philippines Civil Aeronautics Board this month.
Speaking to the publication, the airline’s President and Chief Executive, Lance Gokongwei, explained that the fuel surcharge would help the carrier survive rising fuel costs.
He continued, saying that the airline is spending P700 million more per month compared to previous years and an extra charge of P70 (AU$2) to P250 (AU$7) on domestic flights would help record “half of the increase in cost we are facing”.
“Fuel price and currency changes have been quite significant.”
Lance Gokongwei, Cebu Pacific President & Chief Executive
“[Fuel surchage] recovers half of the increase in cost we are facing. We are really trying to minimize the increase to the lowest possible,” he said.
Image: Bambi Corro/Unsplash
Furthermore, the carrier is also expected to lose some P500 million to P1 billion in revenues over the next few months after the local government decided to close the popular island of Boracay for rehabilitation.
KARRYON has contacted Cebu Pacific’s local representatives for information on the likely increase in fares to and from Australia.
READ: Boracay Island closes for rehabilitation
READ: Island leaders wants flights from Australia to Cebu