The Civil Aeronautics Board has directed airlines to lower the fuel surcharge to Level 12 from June 16 to 30, leading to reduced airfares for domestic and international flights.
The Civil Aeronautics Board advised airlines to reduce the fuel surcharge to Level 12 for June 16 to 30 from the current Level 13. This marks the lowest level since the record high of Level 19 in the second half of April. At Level 12, airlines may charge P389 to P1,137 for domestic flights and P1,284.4 to P9,550.13 for international services.
Airlines must submit an application before June 16 to collect the surcharge. The regulator set the exchange rate at P61.62 to $1 for foreign currency transactions.
The International Air Transport Association expects Asian carriers' net profit to shrink to $6.6 billion in 2026 from $9.6 billion in 2025 due to higher jet fuel costs and weakening Asian currencies.
