Oman Air Cargo has announced the introduction of fuel and war risk surcharges as a result of the conflict in the Middle East.
The Muscat-headquartered carrier yesterday told customers that it would add a Fuel Surcharge and War Risk Surcharge across its network from 18 March.
The airline said that the surcharges were in response to the continued volatility in global aviation fuel markets and rising insurance costs linked to operations in elevated-risk or conflict-affected areas.
“The measures reflect increased operating costs associated with fuel price volatility and higher insurance and security expenses linked to the current operating environment,” the airline said.
The War Risk Surcharge will be applied on a per kg basis, calculated using the chargeable weight stated on the Master Air Waybill.
The Fuel Surcharge will be determined using the US Gulf Coast Jet A1 price per gallon, based on data published by the US Energy Information Administration, and will be reviewed weekly in line with movements in global fuel prices.
“Both surcharges will apply to shipments originating from, destined for, or transiting through the Oman Air Cargo network,” Oman Air Cargo said.
The airline added that it will keep the surcharges under regular review and adjust them where necessary in line with changes in fuel markets, insurance costs, and the wider operating environment.
Last week, the carrier told Air Cargo News that Muscat International Airport has been busier than usual, not only to handle demand for people looking to leave the region but also meeting increased demand for cargo capacity.
Additional flights have been put on, and these have given the nation’s flag-carrier, Oman Air, extra cargo capacity that it has used to good effect.
Shippers looking to move freight out of the UAE, for example, have gladly turned to Oman and to Oman Air Cargo, explained the head of cargo at Oman Air, Michael Duggan.
