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Lufthansa adjusts fuel surcharge

16-Sep-2005

MUNICH (Lufthansa) - Increase of three Euro on continental routes and 15 Euro on Inter-continental flights. In response to the latest record levels of oil prices in the wake of the hurricane “Katrina”, Lufthansa is responding to the drastically increased prices and adjusting its fuel surcharges.

For domestic German and inner-European flight tickets the surcharge as of sales date 26th September will be twelve Euro per flight leg, for long-haul routes 52 Euro per flight leg. That represents increases of three and 15 Euro respectively. The previous surcharge will apply to all tickets issued on or before 26th September.

Thanks to its forward-looking fuel-hedging policy and its modern, fuel-efficient fleet, Lufthansa is in a relatively good position compared to its competitors. However, the steadily increasing price for oil is continuing to exert pressure on the airline’s expenditure. Lufthansa continuously monitors oil prices and will apply the latest surcharge until the price of aircraft fuel on the spot markets has once again settled at a stable level.

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