The Scheduled Airlines Association of Japan has published an “Emergency Statement” on its website, appealing the current situation of the airline industry, which is facing soaring fuel prices.
Amid a surge in aviation fuel prices, which have risen above gasoline and diesel prices due to the situation in the Middle East, the association expressed its appreciation for the government’s Fuel Oil Price Sudden Change Mitigation Project, under which subsidy-based price-suppression measures were promptly implemented. At the same time, it stated, “We are concerned that if the current abnormal surge in prices is prolonged, it will have various impacts on maintaining our network.”
According to data from the International Air Transport Association (IATA) for the week of March 27, the global average of the jet fuel price index, with the year 2000 set at 100, stood at 533.6, and was even higher in Asia-Oceania at 596.6. The price of jet fuel per barrel reached USD 195.19, significantly exceeding the crude oil price of USD 113.75, with the refining margin at USD 81.44, a 231.2% increase compared to the previous month.
The Scheduled Airlines Association of Japan is an industry organization whose members are 19 Japanese airlines. It conducts surveys and research related to air transport services, submits petitions and requests to the government and other authorities, and engages in public relations activities for users.
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