Fuel Surcharges for July Tickets to Drop by Over 20%; Round-trip to New York Down by 215,000 Won

Fuel surcharges on international flights issued in July will drop by more than 20% due to the decline in global oil prices.

According to the aviation industry on Tuesday (June 16), the 19th tier of fuel surcharges will be applied to international flight tickets issued next month.

This is an eight-tier decrease from the 27th tier applied this month.

The adjustment comes as the Singapore Jet Kerosene (MOPS) average, which serves as the benchmark for July's fuel surcharges, fell 17.5% from a month ago to 338.3 cents per gallon (based on $142.09 per barrel, calculated from May 16 to June 15).

Fuel surcharges had climbed to the highest level, the 33rd tier, for tickets issued in May due to the impact of the war in the Middle East, but have now fallen for two consecutive months.

Jet fuel prices have dropped 33.8% compared to two months ago (511.21 cents per gallon).

Domestic airlines, including Korean Air, are set to determine specific fuel surcharge amounts based on this tier adjustment.

Korean Air, which charged a one-way fuel surcharge ranging from a minimum of 61,500 won to a maximum of 451,500 won depending on the route this month, plans to charge between 46,400 won and 344,000 won next month.

Korean Air's lowest surcharge tier applies to short-haul routes such as Incheon to Shenyang, Qingdao, Dalian, Yanji, and Fukuoka.

The highest tier is applied to long-haul U.S. routes, including Incheon to New York, Dallas, Boston, and Atlanta.

The one-way fuel surcharge for the lowest tier will decrease by 15,100 won (24.6%) from a month ago, and the highest tier will drop by 107,500 won (23.8%), which is expected to slightly ease the burden on international travelers during the summer vacation season.

For round-trip tickets, the reduction in fuel surcharges will range from a minimum of 30,200 won to a maximum of 215,000 won (such as on the New York route).

Fuel surcharges had risen to their peak level in May, ranging from 75,000 to 564,000 won one-way.

Compared to that time, the fuel surcharge for a round-trip to New York will have decreased by 440,000 won in just two months.

However, the July fuel surcharges are still about three times higher than those in March (13,500 to 99,000 won one-way), before the impact of the war intensified.

Asiana Airlines' fuel surcharges will also decrease, with the one-way lowest tier dropping by 19,500 won (28.7%) from 68,000 won in June to 48,500 won in July.

The highest tier will fall by 107,000 won (27.9%), from 382,800 won to 275,800 won.

The lowest tier, covering distances of less than 500 miles, includes routes to Fukuoka, Shenyang, Qingdao, Dalian, and Yanji.

The highest tier, covering distances of 5,000 miles or more, includes routes to Los Angeles, San Francisco, Seattle, New York, Paris, and London.

For Southeast Asian routes, including Vietnam, Thailand, and the Philippines, surcharges will range from 116,700 won to 139,400 won one-way.
※ Please note: This article was translated by AI and may contain errors.