itravel2000

itravel2000

September 02, 2005 16:29 ET

itravel2000 anticipates third fuel surcharge this year will hit soon

Attention: Assignment Editor, Business/Financial Editor, Media Editor, News Editor, Travel/Tourism Editor TORONTO/ONTARIO--(CCNMatthews - Sept. 2, 2005) - itravel2000 today announced due to increasing fuel prices the anticipate that airline fares will adjust to reflect these supplementary operating costs. Higher costs at the pump for airlines will translate into a subsequent rise in ticket prices for travelers.

After labour, the cost of fuel is the second largest operating expense for airlines.

"With gas prices hitting record levels, consumers need to secure their fall and winter 2006 vacation now" comments Jonathan Carroll, President of itravel2000. "We are expecting an increase in fuel surcharges on international flights as well as domestic and Caribbean for the upcoming season. This will mark the third fuel surcharge that consumers will be subjected to in 2005 alone."

The damage inflicted by Hurricane Katrina interrupted the refinery operations in the Gulf Coast and temporarily halted distribution of fuel supplies.

Airlines regularly observe fuel prices and adjust fares accordingly.

"For those consumers planning to travel, surcharges could total an additional $75 per person on average. Typically, when one major airline implements a fuel surcharge, other airlines promptly adjust their fares as a result." states Carroll. "We want to keep consumers up to date and give them the tools to make the informed choices."

IN: FINANCE, MEDIA, TRADE, TRAVEL

Contact Information

  • Patti Laine, VP Marketing, itravel2000.com
    Primary Phone: 905-238-3399 ext. 2050
    E-mail: plaine@itravel2000.com