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Air Canada Cargo’s fuel index is based on a weighted average price of jet fuel normally purchased from six (6) world fuel spot markets. The weekly weighted average price is compared to a fixed base price of $0.5624 USD per US gallon which is index level 100 and from this the fuel index is published.
The following is the latest information based on Air Canada jet fuel purchased in different geographical regions:
| Date |
US Cents Per Gallon Average |
Index |
| May 9, 2008 |
354.82 |
631 |
| May 2, 2008 |
340.22 |
605 |
| April 25, 2008 |
350.07 |
622 |
| April 18, 2008 |
352.72 |
627 |
| April 11, 2008 |
342.72 |
609 |
| April 4, 2008 |
321.69 |
572 |
| March 28, 2008 |
318.59 |
566 |
| March 21, 2008 |
325.78 |
578 |
| March 14, 2008 |
320.79 |
570 |
| March 7, 2008 |
299.02 |
532 |
_________________________________________________________________
April 18, 2008
Dear Valued Customer,
Based on the recent increase in the price of fuel, Air Canada Cargo will increase its existing fuel surcharge, effective May 05, 2008, by one (1) level to Level twenty (20) as noted in the fuel index area of our website.
The following fuel surcharge levels will be implemented in the key countries with the above effective date:
| Canada (Domestic) |
$0.95 / kg CAD |
| Canada (to USA & International) |
$1.00 / kg CAD |
| USA (to Canada & International) |
$1.00/kg USD |
| Europe |
$1.00/kg EUR |
| U.K. and Ireland |
$0.66/kg GBP |
This increase will continue to be applied as “other charges due carrier” and will remain in effect until such time as the current fuel index level changes.
We appreciate your continued support of Air Canada Cargo and we will continue to keep you informed of any further developments concerning our fuel surcharge.
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