Feb. 22, 2012 (China Knowledge) - Cathay Pacific Airways Ltd<0293
>, Hong Kong
's largest air carrier, has received approval from the Civil Aviation Department to increase its passenger fuel surcharges by 7% next month.
The new maximum levels of fuel surcharges will be raised from HK$215 to HK$230 for short-haul flights, reflecting an increase of 7%, while the ceiling on fuel surcharges for long-haul flights is set at HK$1,039, up 5% from previous HK$988.
Besides Cathay, Singapore Airlines Ltd was granted the permit to raise fuel surcharges for March with the same levels.
The Civil Aviation Department has also granted Japan-based All Nippon Airways Co to raise passenger fuel surcharges for next month only in short-haul flights from HK$215 to HK$230. Hong Kong-listed
Cathay Pacific Airways earned HK$2.81 billion in net profit in the first half of last year, dropping 59% year on year from HK$6.84 billion. But the passenger throughput for the period grew by 1.7% from a year earlier to 13.18 million. The airline has yet released its fiscal report for 2011.