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CARGO: FUEL SURCHARGE/INDEX

Canadian North follows an indexed fuel cost system to calculate fuel surcharge. Jet fuel costs are reviewed on a monthly basis and the fuel surcharge is adjusted up or down in accordance with the current versus the benchmarked cost of jet fuel. The surcharge for current month based upon the previous calendar month average of North American jet fuel costs.

For the month of June the fuel surcharge set at 16%

The fuel surcharge will continue to be applied as "other charges due carrier". Canadian North will continue to strive to provide you a continued high level of customer service at a competitive price.

Beginning April 1st 2009 Canadian North Cargo has changed the manner in which fuel surcharge is applied. The calculation is now a percentage of weight charge rather than a fixed value per kilo. This provides an equal distribution of the fuel costs for all of our destinations. The Fuel Surcharge will be adjusted on the 1st of each month based upon our previous months average fuel costs.

See historical fuel surcharges

July, 2010

Fuel Surcharge/Index Tables

PRIOR MONTHS AVERAGE PRICE

Month Average Cost of
Jet Fuel (C$CPL)
Fuel Index
Feb 2009 42.06 200
Mar 2009 43.20 206
Apr 2009 44.62 212
May 2009 50.63 242
Jun 2009 51.14 244
Jul 2009 50.17 239
Aug 2009 53.68 256
Sep 2009 52.34 249
Oct 2009 54.46 259
Nov 2009 56.31 268
Dec 2009 54.91 261
Jan 2010 57.84 275
Feb 2010 55.32 263
Mar 2010 57.36 273
Apr 2010 59.36 283
May 2010 58.28 278
June 2010 56.61 270
July 2010 56.07 267
Historical Fuel Surcharge
Period Charge applied
Fuel Surcharge
Feb 1-Feb 28/09 9%
Mar 1-Mar 31/09 9%
Apr 1-Apr 30/09 9%
May 1-May 31/09 9%
Jun 1-Jun 30/09 9%
Jul 1-Jul 30/09 9%
Aug 1-Aug 31/09 14%
Sep 1-Sep 30/09 14%
Oct 1-Oct 31/09 14%
Nov 1-Nov 30/09 14%
Dec 1-Dec 31/09 16%
Jan 1-Jan 31/10 %16
Feb 1-Feb 28/10 %16
Mar 1-Mar 31/10 %16
Apr 1-Apr 30/10 %16
May 1-May 31/10 %16
Jun 1-Jun 30/10 %16
Jul 1-Jul 31/10 %16

Benchmark 100 = 21.00 C$CPL = 0% Fuel Surcharge

C$CPL = Canadian Cents per Liter

If Fuel Index Between Fuel Surcharge
100 122 0%
123 145 2%
146 168 5%
169 191 7%
192 214 9%
215 237 12%
238 260 14%
261 283 16%
284 305 18%

 

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