Major Airlines Cut Europe Fuel Surcharges Up To 18%

Major Airlines Cut Europe Fuel Surcharges Up To 18%.

For the first time this year, we have seen both USA major airlines and international airlines cut fuel surcharges to Europe by as much as 18%.

With the cost of a barrel of oil dropping by as much as 40% over the July high, USA airlines and international airlines are reducing the fuel surcharges to many European destinations.

The only cities we have not seen a drop in fuel surcharges to London are from select east coast cities, such as Boston, New York City or Washington (DC), where the fuel surcharge still remains at $302 roundtrip.

London fuel surcharges that were at $428 roundtrip from the mid-west and west coast cities such as Dallas, Los Angeles and San Francisco have dropped to $366 roundtrip or by 17%.

The majority of other European cites such as Paris, Madrid, Amsterdam, Rome, Milan and Zurich have dropped from $330 roundtrip to $280 roundtrip, or approximately an 18% decrease.

Fuel surcharges to German cities, such as Frankfurt and Munich, were only at $210 last month and remain the same today.

Major USA and international airlines are finally making adjustments to fuel surcharges on European routes due to the lack of demand for travel to Europe. Due to the current economic crisis here in the United States and Europe, major airlines are cutting airfares and fuel surcharges giving air travelers more incentives to lure them back to Europe.

The Euro is also down from its summer high by approximately 18%. The English pound is now at a five year low. Last November, travelers needed to pay $2.10 for a pound. This past week, we saw the pound as low as $1.68, a drop of almost 25% in less than one year.

With airfares now dropping to Europe and currency exchange between 18 to 25% less, Europe is starting to look like a bargain compared to those who visited Europe in summer 2008.

The big question to the major airlines is - are these price cuts enough incentives to lure passengers back on planes to Europe as we all fight the current economic crisis?.

Major Airlines Cut Europe Fuel Surcharges by up to 18%