As fuel prices continue to rise, airfares will rise as well starting in July

[ASEAN NOW News]

The fuel surcharge bracket was recently increased by the Civil Aeronautics Board (CAB) from level 7 to 11 for the month of July.

 

 

To meet their rising fuel costs, local airlines in the Philippines submitted proposals to levy increased fuel surcharges.

 

According to local media, fuel surcharges are extra fees that airlines levy to assist them recover their fuel expenses.

 

These are not included in the basic fee, which is the price the passenger pays for a seat.

 

Beginning on July 1, 2022, airlines in the country are permitted to collect fuel surcharges for domestic flights of P355 to P1,038 and international flights of P1,172.07 to P8,714.84.

 

A fuel surcharge of P1,172.07 will be applied on flights from the Philippines to Taiwan, Hong Kong, Vietnam, Cambodia, and Brunei under Level 11.

 

The relevant fee for flights to North America, the United Kingdom, and the Netherlands amounts to P8,299.85, while it is P1,620.99 for those traveling to Singapore, Thailand, Malaysia, and Guam.

 

US Data

 

Data released by the U.S. Bureau of Labor Statistics' Consumer Price Index recently shows an 18.6% increase in airfare from March to April 2022 – the largest one-month 

 

The price of airline tickets has significantly risen year over year, yet demand remains high as globally people want to travel after being affected by Covid 19.

 

The published airline ticket prices are up over 50% compared to last year, and up 40% since the beginning of the year, even though what people are paying may not be up that much due to sales and discounting.

 

Will international flights get cheaper in 2022?

 

Not likely however you may save a bit by following these general tips.

 

The best day to buy is slightly further out from your travel date, so keep in mind that the sweet spot for 2022 in terms of booking a reasonable price is about 3 months from your departure date.

 

Most expensive months to travel: July and December (by a mile).

 

The Cheapest Time to Fly Internationally is from February-March.

 

Granted this one's a bit of a misnomer because yearly price trends on international flights are typically dictated primarily by the high and low seasons of the destination abroad.

 

Normally by the afternoon, airlines have settled on the most competitive pricing, and that's why Tuesday afternoons are the cheapest time to buy a plane ticket.

 

Prices usually rise again by Friday, so purchasing between Tuesday and Thursday is your best bet.

 

Unfortunately, it is down to supply and demand and people globally want to travel, but the system just cannot cope at the moment.

 

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