TAP increases fuel surcharge, ‘ticket prices will go up’
"In line with other major airlines, TAP Air Portugal will increase the YQ charge due to the increase in the price of jet fuel, one of the main cost factors in aviation," the company announced.
Portuguese flag-carrier TAP announced on Thursday that it would increase its fuel surcharge due to rising oil prices, adding that “in the short term, it is inevitable that travel prices” would rise, according to a statement.
“In line with other major airlines, TAP Air Portugal will increase the YQ charge (known as the fuel surcharge) due to the increase in the price of jet fuel, one of the main cost factors in aviation,” it noted.
“Some analysts predict an ‘extreme’ impact for the aviation sector caused by this brutal increase in fuel, but it is believed that in the long term the situation could stabilise. However, in the short term, it is inevitable that travel prices will increase,” he explained.
