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Continental Airlines increases fuel surcharge

Travel News Asia 26 March 2004

Continental Airlines today announced an increase in the existing fuel surcharge on select tickets effective immediately.

The surcharge has been raised from $10 USD each way to $15 USD each way for travel in the U.S. and between the U.S. and Canada.

Continental's fuel expense last year was more than $1.2 billion, and current fuel prices will make the airline's 2004 fuel expense dramatically higher. The higher surcharge will help offset higher jet fuel prices. 

Just a little over two years ago, the price of crude oil was under $20 per barrel. The price for that same barrel of crude oil recently exceeded $37 per barrel - a jump of 85 percent.

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