This is an interesting line of argument from Al Baker (and, indeed, other airlines). As noted elsewhere, assuming oil prices remain low and once hedging has worked its way through, in theory there should be no need for a fuel surcharge at all – wishful thinking, me thinks.
However, Al Baker also says that there will be no change to the core ticket price. Prior to the introduction of fuel surcharges, the cost of fuel was part of the ticket price and presumably still is. Therefore, surely, airlines should also be reducing the core ticket price in the same way that energy companies are (reluctantly) being forced to do?
Or is my logic somehow flawed?