Great News!!! Carnival is the first major cruise line to completely remove the Fuel Surcharge. My guess is that the other lines will quickly follow suit…COngrats to Carnival for being the first!
CARNIVAL CORPORATION & PLC TO SUSPEND FUEL SUPPLEMENT FOR ITS NORTH AMERICAN BRANDS EFFECTIVE DEC. 17
MIAMI (December 4, 2008) – As fuel prices continue to decline, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced that it will suspend fuel supplements for its six North American brands effective for all voyages departing on or after December 17, 2008.
The fuel supplement suspension applies to the following brands: Carnival Cruise Lines, Costa Cruises, Cunard Line, Holland America Line, Princess Cruises and The Yachts of Seabourn.
A refund of the fuel supplement will be made in the form of a shipboard credit for all bookings within the final payment period for departures on or after December 17, 2008. All bookings outside of the final payment period for departures on or after December 17, 2008 will be adjusted to remove the fuel supplement and guests will be provided with a revised final payment amount.
“As the price of oil has dropped to $46 per barrel, it has now reached a level where we are able to suspend the fuel supplement,” said Bill Harber, director of marketing for Carnival Corporation & plc. Harber cautioned that the fuel supplement could be re-instated if oil prices increase significantly.
The company reserves the right to re-instate the fuel supplement for all guests at up to $9 per person per day (except Seabourn, which would be up to $15 per person per day) should the price of light sweet crude oil according to the NYMEX (New York Mercantile Exchange Index) increase above $70 per barrel.
“It is our hope that fuel prices have stabilized and will remain at a more rational level. The complete suspension of the fuel supplement makes the inherent value of a cruise even greater and that is increasingly important in the selection of a vacation in the current economic climate,” Harber added.