Amerijet switching to indexed fuel surcharge

Miami-based Amerijet International Airlines is changing its fuel surcharge calculation method to an indexed model, “in order to more accurately follow the fuel markets”.
The all-cargo carrier’s vice president of sales and marketing, Derry Huff, said: “This will provide both Amerijet and our customers a fair and transparent methodology which will rise and fall with the market.
“Our fuel surcharge will trigger when the jet fuel spot price exceeds $1.445 per US gallon. When the price is below this number there will be no additional fuel surcharge.”
The programme will follow the fuel prices published by the U.S. Energy Information Administration (EIA), indexed to the US Gulf Coast (USGC) spot price for kerosene-type jet fuel.
Added Amerijet in its statement: “This index provides the fairest and most transparent means of calculating fuel cost changes for all parties.”
The new fuel surcharge model will become effective August 1, 2018 and will apply to all shipments. The surcharge will be published via the Amerijet website which will be updated bi-weekly (every other Tuesday). 
Amerijet, with a fleet of Boeing 767-200/300 freighters, operates scheduled and non-scheduled  services for a range of products to points in the Caribbean, Central and South America, Mexico and Europe.
The company handles over 136,000 tonnes of airfreight per year during normal flight operations, supported with scheduled road feeder services to Miami from offices in Houston, Atlanta, New York, Chicago and Los Angeles.
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