Cathay Pacific to cut fuel surcharges from July 1

BEIJING, June 23 (Reuters): Hong Kong-based Cathay Pacific Airways will cut the surcharge it imposes to cover fuel costs for most of its passenger flights from July 1, its website showed on Tuesday.
Jet fuel costs roughly doubled from the start of the Iran crisis in late February to early June, before easing after Washington and Tehran struck an interim peace deal.
Fuel surcharges for flights between Hong Kong and North America, Europe, the South West Pacific, Middle East and Africa will be cut by 14.5% from July 1, a Reuters calculation shows, from HK$1,362 ($173.73) to HK$1,164.
Fuel surcharges for flights between Hong Kong and the South Asian sub-continent will be reduced from HK$633 to HK$541.