It may sound like the same story but it isn’t, not quite. Qantas will be increasing its fuel surcharge for the third time this Easter, exceeding the 40 percent rise it has already implemented in order to stay in profit.
Both Qantas and Virgin Blue will be hiking surcharges in order to sustain profits in the face of a 33 percent rise in fuel costs since Christmas which is showing no sign of slowing down.
The fuel crisis which is forcing airlines to up prices began with the Gulf of Mexico incident and has been exacerbated by wars in the Middle East which have severely disrupted both production and distribution.
The latest fuel rise will see a further $10 added to European fares and more than $5 to trans-Pacific tickets. The increases could be higher however as Qantas so far has only passed on 40 percent of fuel costs to the passenger.
If fuel costs continue to increase at the current rate Qantas will soon be forced into taking drastic measures.
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