Qantas is again increasing its international
fuel surcharges as a response to continuing rises in oil and jet
fuel prices. Domestic, Regional and Tasman fares will also
increase by 5% and a fuel surcharge will be added to Domestic and
Tasman Qantas Frequent Flyer Classic Award redemption seats.
The changes will apply to tickets issued on or
after Thursday, 28 April 2011.
"After fuel hedging, fuel surcharges and fare increases,
Qantas will still not fully recover these higher fuel costs," said Qantas Chief Executive
Officer, Mr Alan Joyce. "The revised fuel surcharges cover less than half of the
increase in fuel cost for the Qantas International business for
next year. With fuel prices at record highs, even if the fuel
price begins to decrease it will be some time before we will be
able to decrease the fuel surcharge."
The Qantas Group will spend around $2 billion on fuel in the second half of
this financial year, approximately a $300 million increase
to the fuel bill when compared to the first half.
increased domestic airfares and international fuel surcharges in
March this year in response to rising fuel prices.
A fuel surcharge of $10 for Domestic and $20 for Tasman
Classic Award redemptions will also be implemented.
date average prices for both Brent and Singapore Jet Fuel are at
their highest since FY08. The price of Singapore Jet Fuel has increased from an average of US$88 a barrel in September 2010, to
US$120 a barrel in February, and is more than US$136 per barrel today.
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