South Korean Airlines Would Cut Fuel Surcharges

"South Korea's major airlines said on Monday they would cut fuel surcharges by up to 70 percent on international routes from January 1, taking into consideration the sharp drop in crude oil prices in recent months.

Korean Air and smaller rival Asiana Airlines said surcharges on long-distance routes to the US and Europe would be cut to USD$41 from the current USD$141.

Crude oil prices fell below USD$50 a barrel in November, down nearly USD$100 from their peak in July."


Shrish Pandey


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Shrish Pandey

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