Amerijet vice president sales and marketing, Derry Huff (pictured) has revealed that the airline will transition its fuel surcharge calculation method to an indexed model in order to more accurately follow the fuel markets.
Huff says: “This will provide both Amerijet and our customers a fair and transparent methodology which will rise and fall with the market. Our fuel surcharge will trigger when the jet fuel spot price exceeds US $1.445 per US gallon. When the price is below this number there will be no additional fuel surcharge.”
The program will follow the fuel prices published by the US Energy Information Administration (EIA). indexed to the US Gulf Coast (USGC) spot price for kerosene-type jet fuel. This index provides the fairest and most transparent means of calculating fuel cost changes for all parties.
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The new fuel surcharge model will become effective August 1, 2018 and will apply to all shipments. The surcharge will be published via the Amerijet website which will be updated bi-weekly (every other Tuesday).
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