Hong Kong's flagship carrier Cathay Pacific Airways will further cut the surcharge it imposes to cover fuel costs for most of its passenger flights from July 16, the company said on its website on Wednesday.
Jet fuel costs roughly doubled from the start of the U.S.-Israeli war on Iran in late February to early June, before easing after Washington and Tehran struck an interim peace deal. Prices in some markets have since halved from their peak, though they remain above pre-war levels.
