Airlines cut fuel surcharges on US-Europe routes
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Airlines are slashing fuel surcharges on most flights between the US and Europe, the Chicago Tribune reported.
It said it was the fist time they are being cut after oil prices hit new highs this year. In the last week, carriers have dropped their fuel surcharges by 18%, to US$280, on flights from Chicago and other US cities to Rome, Amsterdam, Madrid and Zurich, according to Tom Parsons, Chief Executive and founder of Bestfares.com.
On some flights departing to London, fuel surcharges had dropped 17%, to US$366, Parsons was quoted saying. Crude oil prices have dropped in recent weeks on concerns over a global economic slowdown curbing demand.
The report said airlines were starting to pass along some of the savings. It said US passengers heading across the Atlantic over the next few months would pay less than they would have this summer, when oil soared as high as US$147 per barrel.
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