All Nippon Airways said Wednesday that it will lower fuel surcharges, added to airfares, for flights from Japan to North America and Europe by ?10,000 to ?55,000 for tickets to be issued in September and October.
The move comes as aviation fuel prices have fallen after rising sharply amid turmoil in the Middle East. The unit of ANA Holdings will also lower its fuel surcharges for flights to other overseas destinations for tickets to be issued in September-October.
The surcharges are calculated based on the averages of market prices for fuel and foreign exchange rates over the previous two months. The ANA surcharges for September-October will be lower than those based on the averages thanks to government subsidies.
Japan Airlines is also expected to reduce its fuel surcharges to similar levels.
The two major Japanese airlines had set the surcharges on the North America or Europe routes at a record high of ?65,000 for tickets issued in July-August, up from ?56,000 for May-June.
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