AIRFARES are not expected to increase further in May, according the Civil Aeronautics Board (CAB), as it reviews guidelines for imposing passenger fuel surcharges.
“Pending the review and evaluation of the CAB Passenger Fuel Surcharge for Domestic and International Flights pursuant to CAB Resolution No. 46…, please be advised that the current level of the passenger fuel surcharge provided in CAB advisory dated 15 Feb. 2022 shall be maintained,” the government agency said in an advisory.
The CAB raised fuel surcharge for domestic and international flights to Level 4 in March and April from Level 3 in January and February due to the increase in jet fuel prices. Transportation Secretary Arthur P. Tugade, who chairs the CAB, said in March that he was opposed to the airlines collecting higher fuel surcharges as this would drive up airfares at a time when the travel industry is still recovering from the pandemic crisis.
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