Antigua – Regional Airline, LIAT, on Friday announced that it is reducing the fuelLIAT has announced a reduction on the fuel surcharge on tickets.surcharge on tickets.Chief Executive Officer, David Evans, said that effective January 15, the fuel surcharge will be reduced by 50 per cent for all new bookings.LIAT first introduced a fuel surcharge in 2003,Jordan Sneakers For Sale, in the wake of increasing fuel prices. In 2009 when the prices went down, the company took a decision to remove the fuel surcharge. However,Cheap Nike Air Max 90 Essential, in 2011,Adam Shaheen Jersey, LIAT re-introduced the fuel surcharge in response to months of spiraling jet fuel prices. That year alone,Cheap NHL Jerseys, LIAT spent US$22 million on fuel,Cheap Nike Air Max 97 Shoes, or 18 per cent of total costs.The price of both jet fuel (the fuel used by airlines), and crude oil have been falling recently.Evans said, being fully aware of the impact rising fuel prices have had on customers,Epic React Flyknit Womens, it is only fitting that they benefit from the decreased prices.