The operator of ZestAirways Inc. is seeking approval from the Civil Aeronautics Board (CAB) to increase its fares for international flights.
In a letter to the CAB, the airline proposed to raise its fuel surcharge on eight international routes—Manila to Kota Kinabalu from P650 to P750; Manila to Kuala Lumpur from P900 to P970; Manila to Shanghai from P1,600 to P1,670; Manila to Macau from P600 to P750; Manila to Incheon from P2,600 to P2,670; Cebu to Incheon from P2,600 to P2,670; Kalibo to Incheon P2,600 to P2,670 and Kalibo to Pusan.
A fuel surcharge is a temporary relief granted to airlines to help them recover losses they incur from higher jet fuel prices.
Fuel accounts for about 50 percent to 60 percent of an airline’s operating cost per passenger, and is the second-highest expense next to labor.
AirAsia Zest flies to 10 international and five domestic routes from its hub in Manila’s NAIA Terminal 4 and Kalibo International Airport, using Airbus A320s operated by well-trained and highly experienced flight and cabin crew.
AirAsia Philippines holds a 49 percent stake in AirAsia Zest.
AirAsia Zest and AirAsia Philippines currently operate a combined fleet of 18 aircraft with international destinations in Asia, China and Korea from Ninoy Aquino International Airport (NAIA) in Manila.