Qantas is planning to increase its international
fuel surcharges in response to the rising oil and jet fuel prices.
The changes will apply to tickets issued on or after 19 February
The new fuel surcharges
(A$ one way ex-Australia) will be:
- UK and Europe New $145 Previously $95
Mainland USA, Canada, South America, South Africa and India New
$115 Previously $85
- Asia, Pacific, Honolulu New $75
"Year to date average prices for both West Texas
Intermediate Crude Oil and Singapore Jet Fuel are at their highest
since FY08, and second half FY11 prices are forecast to be around
20% higher than in the first half," said Qantas Chief
Executive Officer, Mr Alan Joyce. "The price of Singapore Jet
Fuel, for example, has increased from an average of US$88 a barrel
in September 2010, to US$110 a barrel in January 2011, and is
US$117 a barrel today."
Qantas has hedged 66% of its remaining fuel requirement in FY11 at a worst-case
crude oil price of US$93.06 per barrel, including option premium.
Qantas removed domestic and Tasman fuel
surcharges in January 2009 but this is now also under review.
Qantas also said that Jetstar will not reintroduce fuel surcharges
but will address the
impact of higher fuel prices via adjustments to air fares in
selected markets and increases in ancillary revenue, including
See other recent news regarding: