QANTAS boosts fuel surcharge

February 4, 2011 Edward

Qantas will increase international fuel surcharges in response to rising oil and jet fuel prices, while Jetstar will adjust its ticket prices instead of a fuel levy. The changes will apply to tickets issued on or after 19 February.

Qantas chief executive officer Alan Joyce said oil and fuel prices had increased sharply in recent months.

“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 per cent higher than in the first half,” Mr Joyce said.

“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.

The fuel surcharge for UK/Europe will go from $95 to $145, for the Americas, South Africa and India from $85 to $115, and for Asia and the Pacific from $55 to $75.

Source: T and L News