Seoul, April 16 (IANS) South Korean airlines will impose the highest level of fuel surcharges on May flights as global oil prices surge amid escalating tensions in the Middle East, industry sources said on Thursday.Carriers set May surcharges based on the Mean of Platts Singapore (MOPS), which averaged US$214.71 per barrel from March 16 to April 15, placing them in the top-tier Level 33 bracket, the sources said. MOPS serves as a benchmark for refined petroleum products in the Asia-Pacific regio…
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Seoul, April 1 (IANS) Fuel surcharges for flights operated by South Korean airlines have surged by as much as threefold from the previous month in April due to the spike in global oil prices, industry watchers said on Wednesday.Industry leader Korean Air raised its international one-way fuel surcharge to between 42,000 won (US$27.9) and 303,000 won for April, compared with 13,500 won to 99,000 won in March.On long-distance routes, such as those to New York, Chicago, Washington and Toronto, the s…