ST. JOHN’S, Antigua, August 10, 2011 – Effective August 15, 2011, LIAT will re-introduce a fuel surcharge on tickets.
Announcing the decision, Corporate Communications Manager Desmond Brown said that over the past several months jet fuel prices have been spiraling upward, increasing by 26 per cent from US$97 per barrel in late 2010 to US$131 per barrel.
Mr. Brown explained that the fuel surcharge will be based on mileage.
He said that passengers will be charged US$12.50 for a one way trip of up to 150 miles; US$17.50 for a one way trip of between 151 to 300 miles; and US$20 for a one way trip above 300 miles.
“This is not a decision we have taken lightly. People and businesses throughout the Caribbean and indeed the world have felt the impact of rising fuel prices and LIAT is no exception,” Mr. Brown said.
“The fuel cost forms a significant part of LIAT’s operational costs. We held off as long as economically possible but the Company can no longer continue to absorb these increased costs.”
Mr. Brown noted that in recent times, all airlines worldwide have either implemented fuel surcharges or have increased their base fares.
“It should be noted that LIAT’s base fares have not increased since 2007,” Mr. Brown said, adding that “between 2007 and present, LIAT had faced increases in many critical operating costs including aircraft engines, personnel costs, spare parts, ground handling contracts, airport fees and charges.”
The Corporate Communications Manager said that LIAT remains cognizant of the needs of its customers and has developed programmes such as “Just Go Fares” where passengers may obtain specials which are available online at www.liat.com.
In addition, Mr. Brown said that LIAT routinely has special promotions which are advertised throughout its network. He urged passengers to utilise the Company’s web site (www.liat.com), noting that the site always provided information on the lowest fares available.
LIAT is one of the leading Caribbean airlines. It is owned by regional shareholders, with major shareholders being the Governments of Barbados, Antigua & Barbuda and St. Vincent & the Grenadines. More information about LIAT may be found at www.liat.com.
Media contact: Desmond Brown, Corporate Communications Manager, LIAT (1974) LTD, Head Office, Coolidge Business Complex, Sir George Walter Highway, Antigua. Telephone: +1 268 480 6222, fax: +1 268 480 5638 and email: firstname.lastname@example.org.