Oil Prices $81.57

[Spf12]

The closing price today was $81.57 per barrel.I wonder which cruiseline will blink first?

Celebrity states that they can impose a surcharge when oil reaches $65 per barrel.It should be interesting.

[Gonzo70]

The closing price today was $81.57 per barrel.I wonder which cruiseline will blink first?

Celebrity states that they can impose a surcharge when oil reaches $65 per barrel.It should be interesting.

 

Oil needs to go to $100+ before Celebrity would consider a fuel surcharge. For quite some time now oil has been steady trading in a range of low $70s to low $80s. Celebrity is well hedged with fuel for this year, next year and part of the year after. Its quarterly and annual profit forecasts account for fuel being in the low $70s to low $80s as does current pricing of their cruises. A fuel surcharge would be totally unjustified at this juncture and there is a near 0% chance of one in the near future (unless oil spikes to triple digits). There is also a good chance oil dips back into the $70s in the next week or two.

[BroncosFan2010]

I personally don't thing they will add the fuel surcharge in anytime soon, but I think it would be very bad for their business if they did. I would like to see them just put everything into one price (port fees, taxes, fuel) when booking.