Doha
Qatar Airways will cut its fuel surcharge following a drop in crude oil prices, Group CEO Akbar al-Baker said on Wednesday.
"As far as the fuel price reduction is concerned, there will be no reduction in the ticket fare, but there will be a reduction in the fuel surcharge that we were charging," al-Baker said.
He declined to comment on exactly how much the cut would be or when it would be implemented.
Al-Baker said the cut would not be directly related to a percentage drop in crude prices of more than 50% since June.
"Please keep in mind that when the fuel price rose to $100 a barrel and over, the airline was in the negative territory as far as its finance was concerned," al-Baker said.
"So as now the price is going down, the airline will now again get into profitability. This does not mean that if the fuel price went down 50%, we have to start reducing the ticket by 50%.
“You have to realise that fuel is only one of the costs of an airline and is not 100% cost of the airline. Because, if it was 100% cost of the airline, then yes we would have given you a 50% discount,” al-Baker said.
