Hong Kong aviation giant Cathay Pacific said on Wednesday that fuel surcharges would rise after prices soared in March with the outbreak of war in the Middle East.
The price of fuel so far this month is double the average of the previous two months, CEO Ronald Lam said at a news conference.
kAm$@>6 pD:2? 2:C=:?6D 92G6 368F? 9:<:?8 E:4<6E 72C6D :? C6DA@?D6 E@ 6?6C8J 4@?46C?D 2C:D:?8 7C@> E96 H2C E92E 92G6 5C:G6? FA @:= AC:46D]k^Am
kAmQx? |2C49[ =:<6 6G6C D:?46 E96 |:55=6 t2DE 6A:D@56 3682?[ E96 4@DED @7 @FC 7F6= 2=C625J 5@F3=65[Q {2> D2:5]k^Am
kAmQ$@ H6 2C6 8@:?8 E@ 2??@F?46 W2 DFC492C86 C:D6X G6CJ D@@?]]] :? @C56C E@ 6?DFC6 E96 D>@@E9 @A6C2E:@? @7 @FC 7=:89ED]Qk^Am
kAmr2E92JVD 2??@F?46>6?E 42>6 27E6C :E AC65:4E65 :? 2 7:=:?8 62C=:6C @? (65?6D52J E92E :E H@F=5 3@@DE A2DD6?86C 42A24:EJ 3J 2C@F?5 `_ A6C46?E E9:D J62C 56DA:E6 E96 QG@=2E:=6Q 86@A@=:E:42= 6?G:C@?>6?E]k^Am
kAm%96 8C@FA C6A@CE65 2? 2EEC:3FE23=6 AC@7:E @7 wzS`_]g 3:==:@? W&$S`]bh 3:==:@?X :? a_ad[ 2? :?4C62D6 @7 h]d A6C46?E @? E96 AC6G:@FD J62C[ H9:49 :E D2:5 H2D 5C:G6? 3J Q:?4C62D65 42A24:EJ[ D@=:5 A2DD6?86C =@25 724E@CD 2?5 C6D:=:6?E 42C8@ 56>2?5Q]k^Am
kAmxE D2:5 E9:D C6AC6D6?E65 2 E9:C5 4@?D64FE:G6 J62C @7 D@=:5 7:?2?4:2= A6C7@C>2?46 5FC:?8 Q2 A6C:@5 @7 C2A:5 C63F:=5:?8Q]k^Am
kAmQ%96 AC6G2:=:?8 8=@32= 86@A@=:E:42= 6?G:C@?>6?E :D G@=2E:=6[ 42FD:?8 F?6IA64E65 D9:7ED :? A2DD6?86C 2?5 42C8@ EC277:4 7=@HD 2D H6== 2D ;6E 7F6= AC:46D[Q 492:C>2? !2EC:4< w62=J D2:5 :? 2 DE2E6>6?E]k^Am
kAmQ(6 6IA64E E@ 8C@H A2DD6?86C 42A24:EJ 3J 2C@F?5 `_ A6C46?E :? a_ae 2D H6 255 7C6BF6?4:6D 2?5 56DE:?2E:@?D E@ @FC ?6EH@C<[ H9:49 H:== 2=D@ 4@?EC:3FE6 E@ :?4C62D65 42C8@ 42A24:EJ[Q 96 D2:5]k^Am
kAm%@E2= C6G6?F6 C@D6 ``]h A6C46?E 7C@> E96 AC6G:@FD J62C]k^Am
kAm%96 8C@FA 2=D@ 2??@F?465 2 D64@?5 :?E6C:> 5:G:56?5 A2J>6?E @7 wzS_]ec A6C D92C6[ 3C:?8:?8 E@E2= 5:G:56?5D 7@C E96 J62C E@ wzS_]gc A6C D92C6[ @C wzSd]a 3:==:@?]k^Am
kAmr2E92J D2:5 6IEC2 7=:89ED E@ tFC@A6 H@F=5 36 @A6C2E65 :? |2C49 E@ 42E6C 7@C 2? FADFC86 :? 56>2?5]k^Am
kAmxE D2:5 :E 2=D@ @3D6CG65 2 Q86?6C2= :?4C62D6Q :? 56>2?5 7C@> @E96C C68:@?D[ A2CE:4F=2C=J 7@C =@?8\92F= 7=:89ED[ H:E9 EC2G6==6CD =@@<:?8 7@C 2=E6C?2E:G6D E@ C@FE6D E92E C6=J 962G:=J @? |:55=6 t2DE6C? 9F3D]k^Am
kAm%96 42CC:6C DFDA6?565 2== |2C49 7=:89ED E@ sF32: 2?5 #:J259 E9:D H66< 3642FD6 @7 E96 H2C :? E96 |:55=6 t2DE[ 6IE6?5:?8 62C=:6C DFDA6?D:@?D]k^Am
k9am\ r@?EC@= 4@DED \k^9am
kAmr2E92JVD @G6C2== 4@DED :?4C62D65 @H:?8 E@ 42A24:EJ 8C@HE9[ H:E9 ?6E 7F6= 4@DED C:D:?8 3J ``]a A6C46?E]k^Am
kAm%96 42CC:6C 965865 23@FE b_ A6C46?E @7 7F6= 4@?DF>AE:@? :? a_ad E@ =@H6C 4@DED]k^Am
kAm%96 8C@FAVD >2?286CD D2:5 E96J H@F=5 7@==@H E96 6DE23=:D965 >6492?:D> @7 C65F4:?8 6IA@DFC6 E@ 7F6= AC:46 C:D< E9C@F89 9658:?8[ 2D :E 92D 5@?6 :? C646?E J62CD]k^Am
kAmQ(6 5@ :E H:E9 E96 @3;64E:G6 @7 >:?:>:D:?8 G@=2E:=:EJ :? E96 D9@CE E6C>[ 2?5 H6 5@?VE 92G6 2?J A=2?D E@ 492?86 7C@> H92E H6VC6 5@:?8 2E E96 >@>6?E[Q 49:67 7:?2?4:2= @77:46C #636442 $92CA6 D2:5]k^Am
kAmr9:67 @A6C2E:@?D @77:46C p=6I |4v@H2? D2:5 r2E92J 92D ?@ QF?5F6 4@?46C?Q @G6C E96 DFAA=J @7 2G:2E:@? 7F6=[ 3FE H:== <66A 2 QG6CJ 4=@D6 H2E49Q]k^Am
kAmr2CC:6CD 2== 96586 2 A@CE:@? @7 E96:C 7F6= 4@DED 3FE >2C8:?D 4@F=5 DE:== 36 27764E65[ {@CC2:?6 %2?[ |@C?:?8DE2CVD 6BF:EJ C6D62C49 5:C64E@C[ D2:5 :? 2 |2C49 b ?@E6 23@FE pD:2? 2:C=:?6D]k^Am
kAmQ(:E9 7F6= 4@DE 36:?8 2 D:8?:7:42?E @A6C2E:?8 6IA6?D6[ E96 ;F>A :? ;6E 7F6= AC:46D :D 6IA64E65 E@ 9FCE AC@7:E 7@C E96 yF?6 BF2CE6C 2E E96 =62DE[Q %2? 25565]k^Am
kAmr2E92J !24:7:4VD D92C6 AC:46 C@D6 >@C6 E92? c]b A6C46?E @? (65?6D52J[ @FEA6C7@C>:?8 E96 w2?8 $6?8 x?56I[ H9:49 H2D 5@H? _]ac A6C46?E]k^Am
kAmw@?8 z@?8 p:C=:?6D D2:5 @? %F6D52J :E H:== C2:D6 E96 7F6= DFC492C86 @? >@DE @7 :ED 7=:89ED 7C@> %9FCD52J]k^Am
kAmEH2^A3E^>;Hk^Am

