Emirates SkyCargo will reduce the fuel surcharge on cargo shipments from $0.15 to 0.100.15 per kilo, or its equivalent in local currencies. The surcharge was implemented last month in accordance with fuel index procedures.
The index is based on the average price of aviation fuel in five key spot markets. These prices are monitored against a fixed base of $0.535 per gallon equal to index 100. The surcharge will come down further to $ 0.10 if the index drops to below 145 points for two consecutive weeks. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
