If I purchase tickets to London now for May, I have to pay 450. each extra as a fuel surcharge. I have heard that it might be better to wait a while longer to see if these are going to go down on air canada. Has anyone heard anything?
All airline work with long term fuel contacts that attempts to provide stability to their costs. Most are mow locked into contract that are higher than current prices, As those contracts are replaced with low prices contracts you might see some downward movement but don't think you will see change within the next months. Also keep in mind that fuel surcharges, fees, etc. have no meaning. They could raise ticket prices by 200 and lower fuel charges by 200 and be in exact the same position. Would you feel better then? Look at total price that is the only thing that counts.
I saw an item that suggested that they would not, at least in the short term. Some airlines are still locked into contracts at the higher prices and others need the extra revenue to stay in business.
Most petroleum producers are cutting back production now that demand has taken a slowed down. Fuel can only stay this cheap if the world economy takes a further nosedive, and from the way markets have behaved over the past month, things have probably begun to stabilize. Nobody can predict these things (hence, "speculation"), but I wouldn't count on airline fees becoming that much cheaper than they are now.
I know for sure that some of the Asian carriers reduced the fuel surcharges starting Jan 1 - i.e. ANA, Cathay Pacific. Not sure about the carriers flying across the Atlantic.
Many airlines work on the futures market when contracting for fuel. They are probably paying the high cost that prevailed months ago.
I too have read that most lines have announced that they don't see reductions in the near future.