Cathay Pacific announced an increase in passenger and cargo fuel surcharges effective August 1, marking the first rise since April's peak. Surcharges on flights between Hong Kong and the South Asian subcontinent will see the steepest jump of 41.3%, while routes to mainland China will increase by 20%.
All Nippon Airways and Japan Airlines have raised fuel surcharges, with some long-haul flights exceeding $400, despite falling jet fuel prices. The increases are based on older price averages and government aid helped mitigate even higher potential fees.
CNG prices in Delhi increased by Re 1 per kg to Rs 81.09, the third hike in under 10 days. This follows rising petrol and diesel prices, driven by global energy costs linked to the Middle East crisis and Strait of Hormuz disruptions.
CNG prices have increased by Re 1 per kg, marking the third hike in less than 10 days, with rates now at Rs 81.09/kg in Delhi and Rs 89.70/kg in Noida/Ghaziabad. Petrol and diesel prices also saw hikes due to rising global crude oil prices.
Hong Kong flag carrier Cathay Pacific Airways will lower its fuel surcharge fees for passenger flights by as much as about 14 per cent from May 16, after a series of increases that began in March. For long-haul flights, the surcharge will fall from HK$1,560 (US$199) to HK$1,362 per leg of the trip. For shorter journeys, such as those between Hong Kong and South Asia, the rate will drop to HK$633, down from HK$725. For flights from mainland China to Hong Kong, the surcharge will remain at HK$135,...
Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra cost of metals and plasticsBusiness live – latest updatesOil prices fall as Trump hails ‘progress’ on Iran dealAirlines and other companies are increasingly using fuel surcharges to cover soaring costs, a survey has found, in a further sign of Iran war-linked inflation hitting the economy.A poll of companies in the services sector, which includes airlines, found rising fuel prices had contributed to businesses raising prices at the fastest pace in more than three years in April. Continue reading...
Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra materials costsBusiness live – latest updatesOil prices fall as Trump hails ‘progress’ on Iran dealAirlines and other companies are increasingly using fuel surcharges to cover soaring costs, a survey has found, in a further sign of Iran war-linked inflation hitting the economy.A poll of companies in the services sector, which includes airlines, found rising fuel prices had contributed to businesses raising prices at the fastest pace in more than three years in April. Continue reading...
Hong Kong's catering sector anticipates a 5% year-on-year business increase during the Labour Day golden week (May 1-5), driven by mainland Chinese visitors' growing interest in hiking and sailing yachts. Industry leaders say the trend is benefiting seafood restaurants in Sai Kung and outlying islands, while Middle East tensions inadvertently helping by pushing travelers toward shorter regional trips.
Tour groups from Hong Kong to mainland China are expected to rise by 30-40 per cent year-on-year over the Labour Day weekend, driven by improved safety and hygiene standards, as well as the novelty of mainland destinations compared to traditional Southeast Asian destinations like Singapore, Malaysia and Thailand. Travel agents report increased interest in Greater Bay Area trips to cities like Foshan, Dongguan and Zhongshan.
Narita International Airport operator forecasts 1.59 million travelers between Friday and May 10, a 2% increase from last year's Golden Week. Sunday saw peak departures at nearly 57,000, while arrivals will likely peak May 6. However, February departures dropped 7.4% year-over-year and 28.8% from 2019, with analysts noting negative outlook for the remainder of the year.
HK Electric announced a reduction in fuel clause charges for May to 26 HK cents per kWh, but warned of possible significant rises later due to Middle East conflict disruptions.
HK Electric announces a 4.4 HK cents per kWh reduction in fuel clause charge for May to 26 HK cents, citing January's lower fuel costs. This marks the second consecutive monthly drop, but the company warns that international fuel prices have risen sharply since March due to Middle East geopolitical developments, potentially causing significant cost increases later in 2026.
Airlines have raised airfare, fuel surcharges and baggage fees this year to help cover a surge in fuel costs since the Iran war started on Feb. 28.
