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Old October 10th, 2008, 01:26 PM
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Default Fuel fee reversal

Just saw this on the financial news...hope I'm not duplicating someone elses post, and its Ok to post this here...looks like fuel surcharge policy is changing to a tune others here have suggested. Bob

Carnival Cruise Lines to scrap fuel charge but hike prices

By Sue Chang
Last update: 1:15 p.m. EDT Oct. 10, 2008
SAN FRANCISCO (MarketWatch) -- Carnival Corp. (CCL:carnival corp 1:23pm 10/10/2008

CCL 24.54, -3.38, -12.1%) , which operates Carnival Cruise Lines and Cunard Line, will cancel fuel supplement for new bookings on 2010 departures effective Oct. 31 but at the same time, hike prices, the company said Friday. The company also established specific guidelines to reimburse consumers for 2008 and 2009 voyages. "If fuel prices stabilize below $70 a barrel, we will be able to effectively eliminate a separate fuel supplement," said Bill Harber, director of marketing for Carnival.
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Old October 10th, 2008, 01:40 PM
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Sounds like a plan anyway. At least we know the logic and it sounds good.

BTW-I believe the price of oil has to be below $70 bbl for 25 days on the spot market b4 any refund of fuel surcharge.
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Old October 10th, 2008, 05:12 PM
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Quote:
Originally Posted by Snoozeman
Sounds like a plan anyway. At least we know the logic and it sounds good.

BTW-I believe the price of oil has to be below $70 bbl for 25 days on the spot market b4 any refund of fuel surcharge.
ONLY FOR 2008 AND 2009 CRUISES. THIS STINKS, THEY SHOULD AT LEAST REDUCE BY 50 PERCENT THE FUEL CHARGE SINCE OIL IS ALMOST 50 PERCENT LESS A GALLON
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Old October 10th, 2008, 05:55 PM
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I think it's down 42% at this point.

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Old October 10th, 2008, 06:11 PM
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That is great that they are eliminating the fuel surcharge. They look like the only cruise lines that are doing that.
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Old October 10th, 2008, 06:32 PM
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Quote:
Originally Posted by spencercoop
That is great that they are eliminating the fuel surcharge. They look like the only cruise lines that are doing that.
Spencercoop...To some extent I agree. I was one of many here who advocated the surcharge go & just hike the trip price. I expect however that now that they've hiked the price, should the oil p/ barrel shoot back up over $100-120 plus...well they may reinstate the surcharge. Then they make up for it at both ends.

In short, I think other lines will watch CCL success with this, then follow.

Who knows, not much one can do about it really, if you enjoy cruising as most here do, you just pay it & go.

Bob
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Old October 10th, 2008, 07:44 PM
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Quote:
Originally Posted by CaptRon
Quote:
Originally Posted by spencercoop
That is great that they are eliminating the fuel surcharge. They look like the only cruise lines that are doing that.
Spencercoop...To some extent I agree. I was one of many here who advocated the surcharge go & just hike the trip price. I expect however that now that they've hiked the price, should the oil p/ barrel shoot back up over $100-120 plus...well they may reinstate the surcharge. Then they make up for it at both ends.

In short, I think other lines will watch CCL success with this, then follow.

Who knows, not much one can do about it really, if you enjoy cruising as most here do, you just pay it & go.



Bob
Yea you are right I love cruising and I will keep paying the fuel surcharge no matter what.
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Old October 11th, 2008, 06:28 PM
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Anybody know when the a barrel of oil was under $70 for 25 days? It had to be a year and a half or more I would think.. In my opinion its going to be quite sometime before the price stabilizes below $70 in order for the fuel supplement be eliminated.
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