SINGAPORE (AP) -- Singapore Airlines Ltd. says it will increase the fuel surcharge on its tickets as global oil prices rise to nine-month highs.
The carrier said in a statement Friday that it will add between $2 and $28 to the price of tickets issued from March 8.
The airline said fuel accounts for 40 percent of its costs.
Singapore Airlines has increased the fuel surcharge several times in the last few years. The fuel surcharge on a flight from Singapore to North America is now $287.
The airline said last month that fourth quarter profit plunged 53 percent as demand slowed while higher fuel prices sent costs up.
Benchmark U.S. crude rose above $110 on Friday from $75 in October and $32 in December 2008.
