Fwd: Air Canada Adjusts Domestic Fuel Surcharge in Response to Rising Fuel Prices

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>Air Canada Adjusts Domestic Fuel Surcharge in Response to Rising Fuel Prices
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>     MONTREAL, April 4 /CNW/ - Air Canada announced today that its domestic
>fuel surcharge of $7.50 CDN one way will revert to $15.00 CDN on all tickets
>issued as of April 11, 2002 for travel within Canada. The surcharge adjustment
>is in response to escalating fuel prices.
>     The carrier first introduced a fuel surcharge of $15.00 CDN one way on
>May 24, 2001 in response to sustained high fuel prices. The surcharge was
>reduced by 50 percent on November 20, 2001 as a result of the decrease in fuel
>prices. When the fuel surcharge was introduced, Air Canada indicated that it
>would be adjusted according to market fluctuations in fuel prices.
>     Air Canada's domestic surcharge compares to an $18.60 USD ($27.16 CDN)
>fuel-related one way domestic surcharge by major US carriers. US carriers have
>not reduced the surcharge since implementation in 2000.
>     Air Canada will continue to closely monitor jet fuel prices and will
>adjust the surcharge accordingly.
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Roj (Roger James)

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