Cathay Pacific raises fuel surcharge on all flights by 34%

"The price of jet fuel comprises both the crude oil component and the refinery component, both of which have increased significantly in recent weeks," the company said in a statement. It also shared a list outlining surcharge increases on short-haul flights of 34.1 percent, while medium- and long-haul would increase by 34 percent exactly. The hike in fees will apply to tickets from April 1, the statement added. Average jet fuel prices increased globally to US$197 per barrel last week, up from US$95.50 a month ago...