Fuel Surcharge Index

Canadian North follows an indexed fuel cost system to calculate fuel surcharge. Jet fuel costs are reviewed on a monthly basis and the fuel surcharge is adjusted up or down in accordance with the current versus the benchmarked cost of jet fuel. The surcharge for current month based upon the previous calendar month average of North American jet fuel costs.

For the month of April the fuel surcharge is set at 30%

The fuel surcharge will continue to be applied as "other charges due carrier". Canadian North will continue to strive to provide you a continued high level of customer service at a competitive price.

Beginning April 1st 2009 Canadian North Cargo has changed the manner in which fuel surcharge is applied. The calculation is now a percentage of weight charge rather than a fixed value per kilo. This provides an equal distribution of the fuel costs for all of our destinations. The Fuel Surcharge will be adjusted on the 1st of each month based upon our previous months average fuel costs.

April, 2012

Fuel Surcharge/Index Tables

PRIOR MONTHS AVERAGE PRICE
Month Average Cost of
Jet Fuel (C$CPL)		 Fuel Index
Apr 2011 82.74 394
May 2011 80.44 383
Jun 2011 79.61 379
Jul 2011 78.40 373
Aug 2011 78.28 373
Sep 2011 78.95 376
Oct 2011 79.40 378
Nov 2011 82.73 394
Dec 2011 78.58 374
Jan 2012 82.51 393
Feb 2012 84.73 403
Mar 2012 84.73 403
Historical Fuel Surcharge
Period Charge applied		 Fuel Surcharge
Apr 1 - Apr 30/11 28%
May 1 - May 31/11 28%
Jun 1 - Jun 30/11 28%
Jul 1 - Jul 31/11 25%
Aug 1 - Aug 31/11 25%
Sep 1 - Sep 30/11 25%
Oct 1 - Oct 31/11 28%
Nov 1 - Nov 30/11 28%
Dec 1 - Dec 31/11 25%
Jan 1 - Jan 31/12 25%
Feb 1 - Feb 29/12 28%
Mar 1-Mar 31/12 30%
Apr 1-Apr 30/12 30%

Benchmark 100 = 21.00 C$CPL = 0% Fuel Surcharge

C$CPL = Canadian Cents per Liter

If Fuel Index Between Fuel Surcharge
100 122 0%
123 145 2%
146 168 5%
169 191 7%
192 214 9%
215 237 12%
238 260 14%
261 283 16%
284 306 18%
307 329 21%
330 352 23%
353 377 25%
378 399 28%
400 421 30%