Too soon for FlySafair to ‘make the call’ on ticket surcharge
Low-cost airline FlySafair has committed to removing the surcharge it added to its ticket prices in March because of the increased cost of jet fuel the moment the market lets it, but warns that there will be a “new normal”.
Jet fuel prices increased significantly because of the US conflict with Iran and disruption to oil shipments through the Strait of Hormuz.
He highlighted a number of factors that have increased the vulnerability of airlines to the jet fuel price: The number of crude oil refineries operating in South Africa declined from six to two between 2015 and 2026; 75% of South Africa’s fuel is now imported compared to 20-30% pre-Covid; 70% of Africa’s jet fuel imports arrive via the Strait of Hormuz; and 50-55% of FlySafair’s direct operating cost is fuel and is its single largest input cost.
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