en.Wedoany.com Reported - On May 8, Cathay Pacific in Hong Kong, China, announced a reduction in fuel surcharges effective May 16. The fuel surcharge for long-haul flights will be reduced from HK$1,560 to HK$1,362; for medium-haul flights, it will be lowered from HK$725 to HK$633; and for short-haul flights, the surcharge will decrease from HK$389 to HK$339.

Previously, Cathay Pacific had already made two rounds of fuel surcharge adjustments. The airline announced an increase in fuel surcharges effective March 18, with costs more than doubling, and subsequently announced another adjustment on March 26. For example, the fuel surcharge for Cathay Pacific flights originating in Japan and flying directly to Hong Kong rose from HK$569 (valid until March 17) to HK$1,164 (valid until March 31), and further increased to HK$1,560 (effective from April 1).

Cathay Pacific stated in its announcement: Aviation fuel used by aircraft is refined from crude oil, so its price includes both a crude oil component and a refining component, both of which have surged significantly in recent weeks. The fuel surcharge is an important mechanism for airlines to mitigate and partially offset rising fuel costs. To respond more flexibly to sharp changes in aviation fuel prices, the fuel surcharge will now be reviewed every two weeks to more effectively reflect upward or downward changes in aviation fuel prices.

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