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Last Updated: Wednesday, 27 September 2006, 11:29 GMT 12:29 UK
KLM unveils fuel surcharge cuts
KLM Cityhopper Fokker 100
KLM had vowed to keep an eye on oil prices
Airline KLM Royal Dutch has announced it is cutting its fuel surcharges, after a fall in oil prices.

The group said international fuel surcharges would fall by 5 euros ($6.34; 3.36), while the charge on flights in Europe would fall by 1 euro.

Oil prices have fallen to around $61 a barrel, after surging to record highs above $78 in July.

KLM last month promised to review oil prices and cut tariffs once oil prices dropped below $70 for 30 days in a row.

Airline fuel surcharges had been rising with oil prices, and KLM - which is part of Air France KLM - raised its fuel surcharge most recently on 10 August.

KLM's decision comes a day after the group's freight operation announced it was cutting its fuel charges, citing falling oil prices.


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