Back in 2008, when prices of oil and jet fuel soared to an all-time high, airlines scrambled to increase their "fuel surcharge" for international flights. At that time, the peak price of oil was $146.
The surcharges back in 2008 pale compared to the surcharges of 2011 which are now averaging $420 per ticket for European flights. Relative to today's oil price of about $112 for WTI crude, the airlines' surcharge is a whopping 50% higher than it was in 2008. Fuel surcharge has become another tool for airlines and it does not often show up in fare comparisons.
www.premieretravel.com
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