Mechanism of Cargolux Fuel Price Index

The Cargolux Fuel Price Index is subject to local laws and regulations, which prevail over the Cargolux index mechanism.
For flights originating in the European Union, the FSC is charged in Euros, otherwise the equivalent amount in local currency is due.

The weekly calculated Fuel Price Index (FPI) of Cargolux Airlines International S.A. uses an index point system, wherein 100 index points are equivalent to a price of 0.54 US cents per US gallon jet fuel. The index value is calculated by using the prices of the following spot markets: US West Coast, US Gulf Coast, Rotterdam, Mediterranean, Arabian Gulf and Singapore. Each spot market price is weighted according to the relative uplift percentage of Cargolux in the respective spot market area.

As these percentages are subject to change, Cargolux reserves itself the right to evaluate the uplift percentages on a quarterly basis and adapt them if changes throughout the Cargolux network have occurred.

The FSC is determined for flights originating in any given country based on:
i. local laws and regulations, or
ii. the equivalent amount converted in local currency if applicable, and
iii. market circumstances.