Airlines are beginning to assess new fuel surcharges as jet fuel prices surges up to the highest level of the year.
Lufthansa on Monday increased its fuel surcharges, and similar moves by other airlines could be on their way after oil prices on Tuesday hit a two-year high in New York at $87.63 a barrel.
Airlines don't waste any time when fuel prices go up. Despite some hedging, they are quick to implement the surcharges and very slow to remove them when prices decline.
www.premieretravel.com
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