Freight Airline Amerijet Adopts Indexed Fuel Surcharge Model
Change More Accurately Reflects Current Fuel Markets
Miami-based freight airline Amerijet announced it will transition its fuel surcharge calculation method to an indexed model in order to more accurately follow the fuel markets.
“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 US $1.445 per US gallon. When the price is below this number there will be no additional fuel surcharge,” says Derry Huff, vice president of sales and marketing.
Amerijet’s fuel model will follow prices published by the U.S. Energy Information Administration (EIA), indexed to the U.S. Gulf Coast (USGC) spot price for kerosene-type jet fuel. This index provides the fairest and most transparent means of calculating fuel cost changes for all parties, the company says in a release.
The new surcharge model was set to go into effect Aug. 1, 2018, applying to all shipments. The company will publish the surcharge on its website, updating the number every other Tuesday.
Amerijet is an all-cargo airline with B767-200/300 Freighter aircraft, operating globally from its Miami hub, flying scheduled and non-scheduled high value, temperature controlled, pharmaceutical, oversized and project, hazardous materials, small package, time sensitive air freight and mail to points in the Caribbean, Central and South America, Mexico and Europe. The company handles over 300 million pounds of air freight 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. For more information, visit amerijet.com.