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Aer Lingus to reduce fuel surcharges on long haul flights

14th February 2007 Print
Aer Lingus is to reduce long haul fuel surcharges by 25% on all tickets booked for flights to and from the US and the Middle East from midnight on the 12th February 2007. The fuel surcharge reduction represents a decrease of €10/US$15 each way and comes as a result of decreasing international oil prices.

Dermot Mannion, Aer Lingus Chief Executive, said, "This is good news for Aer Lingus customers. When the fuel surcharge was first introduced last May, we assured customers that it would be kept under active review as part of Aer Lingus' continued commitment to its low fares strategy . We are pleased to honour that commitment now that oil prices have fallen"

To reduce its exposure to fluctuations in the oil price, the Airline has a policy of hedging a portion of its projected aviation fuel requirements. The Airline currently has hedges in place for approximately 55% of its estimated remaining 2007 fuel requirements at prices ranging from USD58 - 72 per barrel. Aer Lingus will continue to monitor the cost of fuel prices into the future and will revisit its approach to surcharges should the cost of fuel decrease further.

The fuel surcharge reduction will only apply to new bookings for long haul travel made after midnight on Monday 12th February 2007. The reduction will not apply to bookings for long haul travel made and paid for prior to midnight on the 12th February 2007.