LIAT announces the complete removal of fuel surcharges on all new tickets booked from 1st March 2016
LIAT, The Caribbean Airline, announced today the complete removal of fuel surcharges on all new tickets booked, effective 1st March 2016.
Chief Executive Officer David Evans said oil is now trading at a 12-year low, ending a decade of high jet fuel costs, which has impacted the price of tickets.
While the price of oil has been trending downwards, Mr. Evans explained that the effects of crude oil price reductions take some time to impact on the cost of aviation fuel.
Mr. Evans said the surge in oil prices since 2003 had turned fuel into one of LIAT’s largest costs.
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