Updated on
Summary Qantas Airways said its fuel costs would rise by $311 million in the second half of 2012.
The Australian carrier, which in February announced it would slash at least 500 jobs and cut costs after an 83 percent slump in first-half net profits, said jet fuel was its largest operational expense and market prices were high.While fuel surcharges, price increases and hedging are being used to mitigate the impact of fuel prices, they will not fully recover the cost impact, Qantas said in a statement.To claw back some revenue, it said one-way fuel surcharges on its international flights would rise between Aus$10 and Aus$30 from April 12.This translates to Aus$350 in charges on an Australia-Asia return flight and Aus$760 on services to and from London. Domestic fares were not spared, with ticket prices going up by about five percent.
Featured
