5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

CAB: Some foreign carriers eye to charge terminal enhancement fees

by
June 2, 2025
in Stock
0
CAB: Some foreign carriers eye to charge terminal enhancement fees

CAB: Some foreign carriers eye to charge terminal enhancement fees – BusinessWorld Online


      
      
      
      
      








PHILIPPINE STAR/RYAN BALDEMOR

SOME FOREIGN CARRIERS are also seeking approval to collect terminal enhancement fees to offset rising costs at the Ninoy Aquino International Airport (NAIA), according to the Civil Aeronautics Board (CAB).

“There are also foreign carriers, just a few of them. They are dealing with this as a group… They are in the wings, just waiting to see what will happen with the locals. They indicated that they are going to file,” CAB Executive Director Carmelo L. Arcilla said during a press briefing on Monday.

These foreign carriers have not formally submitted proposals to collect the fees but have expressed their intention to do so, Mr. Arcilla added. He declined to identify the carriers involved.

Last year, local airlines including Philippine Airlines, Cebu Pacific, and AirAsia Philippines requested CAB approval to impose a terminal enhancement fee amid increased charges at NAIA.

Since taking over NAIA operations, private operator New NAIA Infra Corp. (NNIC) has raised landing, takeoff, and other fees.

The airlines proposed a terminal enhancement fee of P150 for domestic roundtrip flights and up to P300 each way for international flights.

The fee would be charged separately from the base fare and itemized distinctly on passenger receipts, similar to fuel surcharges and value-added tax.

CAB is still reviewing the proposals and has not set a timeline for a decision.

“We have not set a timeline [to come up with a decision] because the proposal is significant; we are not in a hurry. This will take time,” Mr. Arcilla said.

The Department of Transportation earlier said airlines could opt to include the terminal enhancement fee in the base fare.

“That is the prerogative of the airlines. If they perceive that is the cost, the cost will be factored in the overall price. That is the call of the airlines,” he said. — Ashley Erika O. Jose

CEDTyClea

RELATED ARTICLESMORE FROM AUTHOR




MORE STORIES


Previous Post

More than manicures

Next Post

Entertainment News (06/03/25)

Next Post
Entertainment News (06/03/25)

Entertainment News (06/03/25)

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Panasonic Manufacturing Philippines Corp. to virtually convene stockholders for its Annual Meeting on July 18

    Panasonic Manufacturing Philippines Corp. to virtually convene stockholders for its Annual Meeting on July 18

    June 20, 2025
    UK jobs market shows modest rise in new postings as tax pressures weigh

    UK jobs market shows modest rise in new postings as tax pressures weigh

    June 20, 2025
    Lack of role models holding back jobseekers with Down’s syndrome, study finds

    Lack of role models holding back jobseekers with Down’s syndrome, study finds

    June 20, 2025
    Royal Mail boss quits after just one year as new owner takes over

    Royal Mail boss quits after just one year as new owner takes over

    June 20, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.