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Israel's El Al airline to cut fuel surcharge

Sun Sep 21, 2008 8:15am EDT

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TEL AVIV, Sept 21 (Reuters) - El Al Israel Airlines (ELAL.TA) said on Sunday it would cut its fuel surcharge by 20 to 30 percent on all flights starting October 19 due to the decline in oil prices in recent weeks.

El Al said it would lower the charge despite last week's increase in the price of oil.

The reduction in the fuel surcharge will range from $40 roundtrip in economy class for short-distance flights to $100 for long-haul routes. Fees in business class will also drop.

El Al raised fares and fuel surcharges numerous times in 2008, with the last hike coming in July during the peak summer season. (Reporting by Tova Cohen; Editing by David Cowell)



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