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Swissport announces fuel surcharge to its rates
Thursday, June 05, 2008
Swissport International, the world’s leading aviation services group, is to apply a separate fuel surcharge of up to 2% under its current contractual agreements as from mid of June.

Despite all made internal cost efforts and significant endeavours on all levels Swissport is obliged to make this increase in response to the continued steep rises in fuel prices.

Swissport is following a general (unfortunate) industry trend. Most airlines are suffering from higher fuel prices and have passed on some of these costs to their passengers in the form of fuel surcharges added to their fares. Swissport operates thousands of vehicles and energy-generating facilities all over the world and these, too, have seen their fuel costs rise by up to 50% over the past few months. The precise details of the new surcharge for the company’s products, services and tariffs that involve fuel/energy depending activities will be determined and implemented locally by Swissport’s various stations around the world.

Vicky Karantzavelou - Thursday, June 05, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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