JAL to increase cargo fuel surcharge in July

JAL has applied to increase its cargo fuel surcharge in July 2009. Since April 2009, JAL has been revising its cargo fuel surcharge monthly based on the one-month average Singapore kerosene price of the month before last. So May average is USD64.20 per barrel and falls in the range one level above the current level. If the jet fuel price stays high in the next two months, I wouldn't be surprised if JAL re-introduce the fuel charge on passenger flights next quarter. So go get your award ticket in the July quarter if you can.

Source: JAL Press Release