Korea's flagship carrier Korean Air is going to reduce the record-high surcharges for fuel that it's been implementing the last couple of months as oil prices come down.
Starting September first, surcharges will come down from a maximum of around 260 U.S. dollars for a one-way international flight, depending on the route, to around 200 dollars.
The cost of jet fuel has come down dramatically as the prospect of a global recession weakens expectations for demand.
Korean air raised its surcharge to the highest level in July after Russia's war in Ukraine caused fuel prices to soar.
For domestic routes, the surcharge will go down by about 2-and-a-half dollars to a little over 14 dollars.