Wednesday, October 04, 2006

Well people?...
I think it's time for the airlines, worldwide at that, to drop some of their ticket surcharges!
Time to make a noise I think!

George



News release


Jet fuel prices are dropping…

Time for the airlines to remove some charges from consumers’ ticket prices

Paradise, NL. October 04,2006 – While the price of oil has been dropping and resulting commodity prices for gasoline and heating oils have dropped at the consumer level also, the price of airline tickets has not been as responsive to declining crude oil costs.


Consumers everywhere including Newfoundland and Labrador and the rest of Canada as a result, are paying too much for airline tickets that were increased as a result of increasing jet fuel costs. According to Murphy, they've dropped radically in recent weeks.

“While the price for jet fuel has seen a dramatic drop in recent weeks, we have not seen the airlines drop fuel surcharges that consumers were forced to pay as a result of those same increased costs. Prices have dropped and so should airline ticket prices,” said George Murphy, group researcher for the Consumer Group for Fair Gas Prices in St. John’s,NL.
“The last time Air Canada increased surcharges on a consumer level, jet fuel prices were recorded by the US Energy Information Administration at almost 68 cents a litre Canadian. Since yesterday, that same price has decreased to 51 cents a litre, a 17 cent a litre drop for which consumers are on the hook.”

All the Canadian airline companies, Air Canada, Westjet and Canjet, applied fuel surcharges to consumers in the face of rising crude oil costs.
Consumers in Canada have been faced with increasing airline ticket prices since the winter of 2001 when crude oil prices started to skyrocket. In recent weeks, crude oil pricing has dropped almost $15 US a barrel.
“The airlines should be honest and up-front with the consumer and give back what they so desperately wanted just a few short months ago. We gave then, are giving now and it’s time the airline industry return the favour and they should act retroactively for anyone about to take a trip.” He said.

-30-


For more information, contact:

George Murphy
Group researcher/Member
Consumer Group for Fair Gas Prices
gasprices@hotmail.com

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