In response to rising oil prices, China Airlines will increase cargo fuel surcharges again starting from 9/16

China Airlines will increase cargo fuel surcharges again starting from 9/16.

In response to rising oil prices, China Airlines has issued a notice to freight forwarders to increase fuel surcharges for Taiwan's export cargo starting from September 16. Among them, long-haul routes to Europe and the United States have been raised to NT$62 per kilogram, an increase of approximately 6.9%, and short-haul routes to Asia have been increased to NT$21 per kilogram, an increase of approximately 5%. This is the fourth time China Airlines has increased its cargo fuel surcharge this year.

Market participants believe that EVA Air (2618) and STARLUX Airlines (2646) may also follow suit.

Freight forwarders pointed out that since September 16, China Airlines has raised its fuel surcharge on long-haul routes to Europe and the United States in the first and second zones to 62 yuan per kilogram, an increase of 4 yuan, or about 6.9%. The fuel surcharge on short-haul routes in the third zone has been raised to 21 yuan per kilogram, an increase of 1 yuan, or about 5%. Except for China Airlines' basic freight goods, which are not levied, other export goods are levied fuel surcharges based on calculated weight.