Jet Fuel Surcharge
What is a Jet Fuel Surcharge?
A jet fuel surcharge is an extra fee charged by airlines to passengers to help offset the volatile costs of jet fuel. The price of jet fuel can fluctuate significantly, and this surcharge is a way for airlines to pass on these fluctuating costs to travelers. It is commonly applied to the base fare of a ticket and is not included in the advertised price.
The purpose of a jet fuel surcharge is to protect airlines from unexpected fuel price hikes, which can dramatically impact their operating costs. This fee allows airlines to continue operating without having to constantly adjust ticket prices based on the market price of fuel. The surcharge is often added to both domestic and international flights.
In corporate travel, understanding jet fuel surcharges is important for businesses as it affects overall travel costs. When planning business trips or managing travel expenses, companies need to be aware of these surcharges, as they can vary based on fuel price fluctuations and airline policies. For corporate travel managers, it’s essential to include these surcharges in the overall cost calculation when booking flights.