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The Mechanism of EL AL Cargo Fuel Price Index

The EL AL Cargo Fuel Price Index is implemented on the basis of the following mechanism, subject to local laws and regulations :

The calculated Fuel Price Index of EL AL Cargo uses an index point system, wherein 100 index points are equivalent to a price of 53.35 Usd cents per US gallon jet fuel. The index value is calculated by mainly using the prices of the following spot markets: US Gulf Coast, Rotterdam and Singapore. Each spot market price is weighted according to the relative uplift percentage of EL AL Cargo in the respective spot market area.
As these percentages are subject to change, EL AL Cargo reserves itself the right to evaluate the uplift percentages and adapt them if changes throughout the EL AL Cargo network have occurred.
The FSC is determined for flights originating in any given country based on:
a. local laws and regulations, or
b. the equivalent amount converted in local currency if applicable, or
c. market circumstances.
For your convenience, Here is the updated EL AL Cargo fuel index :

Date

FPI Value

Mar 18, 2008

606

Mar 25, 2008

569

Apr 1, 2008

578

Apr 8, 2008

627

Apr 15, 2008

655

Apr 22, 2008

659

Apr 29, 2008

647

May 6, 2008

664

May 13, 2008

725

May 20, 2008

742

May 27, 2008

755

Jun 3, 2008

716

Jun 10, 2008

741

Jun 17, 2008

735

Jun 24, 2008

734

Jul 1, 2008

762

Jul 8, 2008

750

Jul 15, 2008

764

Jul 22, 2008

725

Jul 29, 2008

688

Aug 5, 2008

639

Aug 19, 2008

605

Aug 26, 2008

619

Sep 9, 2008

567

Sep 30, 2008

554

Oct 28, 2008

373





































All current rates are published in EL AL Cargo website :
http://www.elal.co.il/ELAL/English/ELALCargo/Surcharges/Europe/Surcharges.htm