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| Anchored by Jonathan dela Cruz, Salvador Escudero, Boying Remulla, Teddy Boy Locsin and Alvin Capino |
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Asian Spirit hikes fuel surcharge
By
Lenie Lectura
Reporter
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ASIAN
Spirit was allowed to impose an upward adjustment in
fuel fees for three months starting July 11.
The
Civil Aeronautics Board (CAB) said Asian Spirit’s fuel
surcharge for its Luzon-Mindanao route will go up to
P1,850 from P1,600; Luzon-Visayas from P1,320 to P1,480;
within Luzon, P1,130 from P980; Manila to Basco route
from P1,320 to P1,480; within Visayas, P970 from P900;
within Mindanao, P1,400 from P1,250; and Visayas-Mindanao
routes from P1,250 to P1,430.
The CAB
approved Asian Spirit’s application for a provisional
authority to hike fuel surcharge on passenger and cargo
on its domestic operations last July 10. The authority
is valid up to October 10.
The
low-cost carrier also announced last week that it now
offers all-in promo fares to its domestic destinations.
Asian
Spirit domestic fares are now inclusive of fuel and
insurance surcharges, aviation security fee, and
12-percent value- added tax. Seat sale will be available
from July 10 to July 20, 2008.
The fuel
surcharge, imposed on top of regular fares, is a
temporary relief given by regulators to allow airlines
to mitigate losses from the spiraling cost of jet fuel.
Fuel
accounts for one-third of an airline’s operating cost
per passenger, and is the second-highest expense next to
labor.
The
budget airline awaits the delivery of four Airbus
aircraft next month. It will also take delivery of
wide-bodied airplanes and five smaller turbo-propeller
planes within the year.
The
aircraft will be utilized for the planned expansion of
its domestic operations as well as new regional routes.
Right now, Asian Spirit operates three weekly flights
between Zamboanga and Sandakan in Malaysia. It also
flies to Incheon in South Korea and in Macau.
Asian
Spirit earlier announced that it plans to operate the
Manila-Cebu and Manila-Davao routes when the new
aircraft arrives. It also plans to service the
Cebu-Macau route and fly to Thailand. |
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| OTHER STORIES |
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NY
bourse operator seen to invest in RP exchange
PARTIES INITIALLY SIGN TECHNOLOGY TIE-UP |
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STOCK
exchange operator, NYSE Euronext Inc., is interested in
investing in the Philippine Stock Exchange (PSE).
“Of
course, but it’s not for me to say,” said PSE president and
chief executive Francis Lim when asked of the New York-based
potential entry in the local bourse. |
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read more |
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Motorola
bares new surveillance technology |
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Tall
buildings, foliages and other obstructions are the common
problems for surveillance of service providers and
enterprise network owners, but Motorola’s Canopy NLOS
(non-line-of-sight) Point-to-Multipoint PMP 400 expects to
do away with this problem. |
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read more |
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Iligan
facility to make RP self-reliant on steel plates |
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ILIGAN-based
Global Steel Philippines Inc. (GSPI) will be opening today
its mill that will make the country self-reliant on steel
plates and, at the same, support the fast-growing domestic
shipbuilding industry. |
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read more |
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Slowdown
augurs well for Nortel RP business |
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Telecommunications product manufacturer Nortel Philippines
still sees double-digit growth this year, despite the
weakening economy. |
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read more |
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Asian
Spirit hikes fuel surcharge |
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ASIAN
Spirit was allowed to impose an upward adjustment in fuel
fees for three months starting July 11.
The
Civil Aeronautics Board (CAB) said Asian Spirit’s fuel
surcharge for its Luzon-Mindanao route will go up to P1,850
from P1,600; Luzon-Visayas from P1,320 to P1,480; within
Luzon, P1,130 from P980; Manila to Basco route from P1,320
to P1,480; within Visayas, P970 from P900; within Mindanao,
P1,400 from P1,250; and Visayas-Mindanao routes from P1,250
to P1,430. |
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read more |
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7-11
operator sets P650M for capex |
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PHILIPPINE Seven Corp. (PSC), operator of the country’s
largest convenience store chain 7-Eleven, is allotting P650
million this year for capital expenditure to support its
expansion program. |
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read more |
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Not Business as Usual:
Higher buffet prices |
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Okay, okay,
so everybody has noticed an increase in ridership of the
Metro Railway Transit (MRT) as a result of the almost weekly
increase in gasoline/diesel prices. Daily ridership is
currently estimated at 500,000 or 25-percent higher than
last year. Then again, the MRT can service up to 600,000
passengers a day, based on its current number of coaches.
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read more |
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