LIAT Reduces Fuel Surcharge

Leeward Islands Air Transport (LIAT) has announced that with effect from 15 October, 2008it will be reducing its fuel surcharge by $2.50 per one way journey. This reduction has been made possible by the easing of world oil prices that now appear to have stabilized at around $100 a barrel. LIAT’s current surcharge was fixed when oil reached $120 per barrel.

“At the time we increased the fuel surcharge, we made a commitment to reduce the surcharge as and when oil prices declined. It appears that prices have stabilized – albeit at levels much higher than we anticipated earlier in the year. We constantly monitor our fuel costs and will seek to reflect changes (up or down) in any surcharges going forward,” said Mark Darby, CEO of LIAT.