Understanding Our Fuel Surcharge Mechanism
We value your business and aim to provide exceptional cargo services. To ensure reliable and viable operations, we are introducing a fuel surcharge. This will address the fluctuating global jet fuel prices. Adding a fuel surcharge will allow us to transparently manage incremental operational costs.
Effective date is October 16th, 2023.
The average North America fuel price of the last 4 weeks has been USD 137.00. This means the applicable fuel surcharge effective October 16th will be as follows:
USD per barrel | Short Haul | Long Haul |
---|---|---|
less than 140 | 0.20 | 0.40 |
The North America fuel price for the last month has been as follows:
Week | USD per barrel |
---|---|
September 4th-8th | USD 133.24 |
September 11th-15th | USD 142.26 |
September 18th-22nd | USD 135.57 |
September 24th-29th | USD 136.53 |
Methodology overview
Step 1
The average fuel price for North America Jet Fuel will be reviewed during the first week of each month for the previous four weeks.
- IATA Jet Fuel Price Monitor for North America will be used to establish price per barrel and is available on the IATA website.
- IATA provides the latest price data from the leading energy information provider Platts. The full detail of the methodology can be found on the S&P Global Platts website.
Step 2
The notification period will be two weeks prior to the effective date of the updated surcharge (increase or decrease). For example, we will:
- Monitor average jet fuel price from September 1st to 30th on the IATA website, which is published every Tuesday.
- Determine applicable fuel surcharge on October 3rd (first Tuesday of October), communicated on our website.
- Apply fuel surcharge on all airwaybills executed on October 16th and onwards.
Step 3
Step 4
Fuel surcharge will be applied as follows:
- The fuel surcharge will be incorporated as other charges due carrier on the WestJet airwaybill, designated by the charge code "MYC."
- The fuel surcharge will be calculated based on the chargeable weight of shipments.
- The fuel surcharge will be applicable to all types of products, weight breaks and rate types including published, contracts, and spot rates.
Fuel surcharge index
Charges applied are USD, CAD, GBP and EURO, based on the currency of origin.
Table A
USD per barrel | Short Haul | Long Haul |
less than 220 | 0.60 | 1.20 |
less than 210 | 0.55 | 1.10 |
less than 200 | 0.50 | 1.00 |
less than 190 | 0.45 | 0.90 |
less than 180 | 0.40 | 0.80 |
less than 170 | 0.35 | 0.70 |
less than 160 | 0.30 | 0.60 |
less than 150 | 0.25 | 0.50 |
less than 140 | 0.20 | 0.40 |
less than 130 | 0.15 | 0.30 |
less than 120 | 0.10 | 0.20 |
less than 110 | 0.05 | 0.12 |
less than 100 | 0.00 | 0.00 |
O&D haul overview
Table B
Haul Type | Origin | Destination |
Short Haul | Canada | Canada |
Short Haul | Canada | United States |
Short Haul | Canada | South and Latin America |
Long Haul | Canada | Europe |
Long Haul | Canada | Asia and Middle East |
Short Haul | United States | Canada |
Short Haul | United States | South and Latin America |
Long Haul | United States | Europe |
Long Haul | United States | Asia and Middle East |
Short Haul | South and Latin America | Canada |
Short Haul | South and Latin America | United States |
Long Haul | South and Latin America | Europe |
Long Haul | South and Latin America | Asia |
Long Haul | Europe | All |
Long Haul | Asia and Middle East | All |