Finally we are starting to see some relief in fares. Lets hope the airlines follow soon.
Posted on Saturday, 10.25.08 Miami Herald reprint
Royal Caribbean Cruises (RCL) is scrapping fuel surcharges for its ships from 2010 and may reimburse partial tariffs for some 2009 trips if oil prices remain lower.
Supplements won't be charged on bookings made from Nov. 10, the Miami-based company said.
Royal Caribbean raised fuel surcharges to $10 per traveler per day on Royal Caribbean International and Celebrity Cruises, and $15 for Azamara Cruises, from June 30, as oil prices soared. It had imposed a $5 fuel surcharge in November and increased it to $8 in April, and earlier this year said it was changing some itineraries to lower fuel consumption.
Every $10-a-barrel drop in oil prices trims $20 million from Royal Caribbean's annual fuel cost, the company said in July. Bunker fuel, used by ships, fell 18 percent in the three months ended Sept. 30, to $590.50 per metric ton
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