More than a decade since airlines first had travel agents and passengers up in arms with the introduction of fuel surcharges, it seems the aviation industry is ready to give the controversial YQ tax the boot. Or at least that’s what the travel trade hopes for.
Last week, Singapore Airlines announced that it would no longer charge a separate fee for fuel and insurance, opting for a single base fare that “folds in” these costs. It is the latest airline to do so, joining Qantas, Qatar Airways and Cathay Pacific, among others. The trend follows drastic reductions in the price of fuel and the subsequent pressure from industry associations and international authorities.
For more on this story read this week’s edition of TNW
