Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Airline Price Turbulence Ahead
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Airline Price Turbulence Ahead

Indonesia Prepares to Apply Surcharge on Domestic Carriers to Stem Growing Losses from Declining Rupiah


Bali News: Indonesia, airfares, cost recovery surcharge, declining rupiah, Indonesian air fares, Djoko Murjatmodjo, INACA, Indonesia National Air Carrier Association
Click Image to Enlarge

(1/3/2014)

Bisnis.com is reporting that Indonesian airlines will soon be able to impose a cost recovery surcharge to recoup losses they are suffering due to the weakening exchange value of the Indonesian Rupiah against the U.S. dollar.

Djoko Murjatmodjo of director of civil aviation at the Indonesian Ministry of Transportation said a regulation empowering the airlines to levy a cost recovery surcharge has been prepared and is only awaiting the Minister’s signature.

“Hopefully the regulation will soon be approved because we have evaluated the matter for the past month,” said Djoko on Thursday, January 2, 2014.

The imposition of the surcharge will not be permanent, and only remain in effect for approximately three months. According to Djoko, if the strength of the Rupiah improves and the cost of fuel decreases, the new regulation can be withdrawn.

On the other hand, he points out, if the cost of fuel does not decrease, his office is prepared to consider parameters for new fare levels.

Considerations on acceptable fare levels for domestic flights can also be tied to the official rate of exchange adopted in the State Budget (APBN).

The suggestion to allow airlines to introduce a cost recovery surcharge was first put forth by the Indonesia National Air Carrier Association (INACA) in an effort to stave off mounting losses being incurred by domestic carriers due to the falling value of the rupiah.

The actual amount of any surcharge to be imposed by Indonesian airlines remains unclear and unannounced.
 


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
An Uneasy Truce
Conflict Breaks Out Between Groups Claiming to Run Security at Sky Garden in Kuta, Bali
(5/24/2015)
To the Batcave
20 Kiosks at Goa Lawah Bat Caves Consumed by Fire
(5/24/2015)
Failing to Linger
Average Length-of-Stay in Starred Hotel in March 2015 was 3.25 days.
(5/24/2015)
Beach Assaults
Beach Wrestling on Baliís Kuta Beach September 18-19, 2015
(5/24/2015)
Ending Tobacco Promotion in Denpasar, Bali
Mayor Prepares to Ban all Public Advertising for Tobacco Products in Denpasar, Bali
(5/24/2015)
A Mynah Violation of the Law
Police Confiscate 6 Protected Bali Starlings from an Ubud Bird Collection.
(5/24/2015)
Making Benoa Ship Shape
Detailed Mapping of Port of Benoa, Bali and it Approaches Completed by Hydro-Oceanographic Office
(5/24/2015)
Spouting Off on Sanur Beach
A Pod of Pilot Whales Take Up Temporary Residence Off Sanur Beach in Bali
(5/24/2015)
The Slow Hand of the Law
Badung, Bali Officials Prepare to Place The Crystal Bali on the Bay Resort Project Under Seal
(5/24/2015)
Drivers Who Take the Wrong Path
Bali Tourist Driver Gets Five Years Prison for Selling Drugs
(5/24/2015)
Medical Manipulation?
Irregularities Reported in Bidding Process for Bali Mandara International Hospital Project
(5/24/2015)
Knowing When to Jab
Bali Records First Rabies Death of 2015 in Tabanan Regency as Island Runs Out of VAR Stocks
(5/24/2015)
All [News]!