Qantas To Raise Fares On Fuel Cost, EU ETS

 

Qantas To Raise Fares On Fuel Cost, EU ETS

Qantas To Raise Fares On Fuel Cost, EU ETS

Australia’s Qantas Airways said on Thursday it will raise its fuel surcharge on international fares and increase domestic fares due to higher fuel costs and the European Union’s carbon pricing scheme.

The airline, whose fuel bill climbed by almost a quarter to AUD$2.2 billion for the six months to December 2011 to the highest in 4 years, said the international surcharge would climb by between AUD$20 (USD$21.47) and AUD$60 a ticket.

Domestic fares would go up by an average of 2.5 percent, it said.

Qantas said it has hedged 86 per cent of its remaining fuel requirement in 2011/12 at a worst case crude oil price of USD$121 per barrel.

(Reuters)



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