And Another One Gone...

Forgive me while a song from my high school days plays in my head... And another one gone and another one gone, another one bites the dust...

Next up in the fuel supplement removal sweepstakes is... NCL!

Announcing late today, NCL has removed their extremely high (and unforgiving no-cap) fuel supplement for all 2009 and beyond sailings. Like Carnival Corporation earlier today, if you're already within final payment, your refund will come in the form of an onboard credit. (And like Carnival brands, you need to make sure onboard that you receive it).

For those passengers booked for 2009 or 2010, but not within final payment yet, your supplement will be removed from your booking.

From the press release:

"Global fuel prices have dropped to a level where we can now suspend the fuel supplement, making an NCL Freestyle Cruising vacation an even greater value,” said Andy Stuart, NCL’s executive vice president, global sales and passenger services.

NCL will continue to closely monitor global fuel prices to assess whether a reinstatement
of the fuel supplement will be necessary in the future. The company reserves the right to re-instate the fuel supplement for all guests should the price of light sweet crude oil according to the NYMEX (New York Mercantile Exchange Index) increase above $65 per barrel.

And now a message in the form of another song from my high school years dedicated to Royal Caribbean International's brands... The Heat is On...

Royal Caribbean, Celebrity & Azamara Eliminate Fuel Supplements

Royal Caribbean, Celebrity and Azamara have announced the elimination of fuel supplements for bookings made on or after November 10, 2008 for sailings January 1, 2010 or beyond. This is the easy part, and doesn't take a Wall Street magnate to understand.

For those currently booked for 2009 or 2010, they have created a formula for whether or not you will receive an onboard credit for your fuel supplements. The good news is it's thankfully less convoluted than Carnival's formula, the bad news is it's still up to the markets to determine your refund.

So here's your reading comprehension test for the day. If you understand the following paragraph, you deserve a vacation... on Royal Caribbean, Celebrity or Azamara, of course.

If you're currently booked on a 2009 or 2010 sailing, they will evaluate and potentially adjust the fuel supplement quarterly, calculated based on the price per barrel of West Texas Crude (good for them for using a US supply), at closing on the New York Mercantile Exchange two weeks prior to the beginning of each quarter. If the price is $65 or less per barrel, then an onboard credit will be given to all applicable bookings the following quarter.

So, for example, if you are traveling in the first quarter of 2009, your "fuel price determination date" will be December 18, 2008. Second quarter 2009's "fuel price determination date" is March 18, 2009. And so on. And if the price on that date is $65 or less, all applicable bookings the following quarter will receive an onboard credit.

Of course, they do reserve the right to reinstate fuel supplements at a future date if market conditions warrant.

Next up, we'll see what formula NCL comes up with to remove or lessen their fuel supplements... I'm much more optimistic in seeing that than I am in the US airlines removing theirs...