Disney Cruise Line announced today that the company is eliminating fuel surcharges for all new bookings, effective today. The decision comes as a result of decreasing fuel price trends within the marketplace.
For cruises that have already been booked, the following guidelines have been established for the refund of fuel supplements paid:
If the closing price on the NYMEX (New York Mercantile Exchange) of West Texas Intermediate fuel is below $70 a barrel two weeks prior to the beginning of the calendar quarter (dates specified below), the company will refund fuel surcharges paid in the form of an onboard credit.
The quarter that the cruise falls in will be based solely on the sailing date. The entire cruise will be considered to be part of the quarter that the sailing date originates in.
Fuel Price Determination Date Quarter of Possible Fuel Surcharge Refund
December 18, 2008 First Quarter 2009
March 18, 2009 Second Quarter 2009
June 17, 2009 Third Quarter 2009
September 17, 2009 Fourth Quarter 2009
December 18, 2009 First Quarter 2010
March 18, 2010 Second Quarter 2010
June 17, 2010 Third Quarter 2010
September 17, 2010 Fourth Quarter 2010
The elimination of the fuel surcharge for new bookings applies to sail dates through the end of 2010. The company will continue to closely monitor fuel prices. Reinstatement of a fuel surcharge may be necessary in the future.