Air fares expected to decline by 2019
Good news for 2019 is already rolling in: airfares are expected to decline next year.
This is due to the declining prices of jet fuel, according to the Civil Aeronautics Board (CAB) advisory released this week. As of now, the passenger fuel surcharge is at Level 4 and is expected to drop down to Level 3 by early March of next year.
As per the fuel surcharge matrix, Level 3 indicates airlines can impose a price hike of P74 to P291 for domestic passengers. International passengers, on the other hand, can get a hike of P381 to P3,632.
Said CAB, “Airlines wishing to impose or collect fuel surcharge for the same period must file its application with this office on or before the beginning of the effectivity period, with fuel surcharge rates not exceeding the stated level.”
On the other hand, Philippine Airlines and Cebu Pacific currently have Level 3 rates. AirAsia Philippines, on the other hand, remained neutral to the surcharges, believing imposing hikes would lead to a loss of passengers.