Cathay Pacific to hike fuel surcharge by 34% as jet fuel prices surge

Cathay Pacific will hike fuel surcharges by 34% across routes from April 1 and will review the surcharge level every two weeks, citing higher jet fuel prices driven by the war in the Middle East. The move shifts rising fuel costs onto passengers to help protect airline margins, but may weigh on demand for travel if fares increase.

Analysis

Cathay Pacific will hike fuel surcharges by 34% across routes from April 1 and will review the surcharge level every two weeks, citing higher jet fuel prices driven by the war in the Middle East. The move shifts rising fuel costs onto passengers to help protect airline margins, but may weigh on demand for travel if fares increase.