Falling oil prices compel LIAT to reduce fuel surcharge by 50 percent

Leeward Islands Air Transport (LIAT) has announced that the airline will be reducing its fuel surcharge on tickets.

According to a statement by the company CEO David Evans, the fuel surcharge will be reduced by 50 percent. The changes are effective from January 15.

The airline first announced the fuel surcharge in 2003, in response to the then increasing fuel prices. In 2009, LIAT removed the fee, eventually re-instituting it in 2011.

The move comes as the price of oil and resultant products including jet fuel have been falling. In the statement, Evans said “being fully aware of the impact rising fuel prices have had on customers, it is only fitting that they benefit from the decreased prices.”

The company did not say by how much the move would reduce ticket fares.