Qantas Group plans (02-Feb-2012) to increase its fuel surcharge for Qantas and Jetstar passengers, in response to the European Union (EU) and Australian carbon pricing schemes. The company has planned the following price increases:
- Services to Asia/Honolulu, Buenos Aires/Johannesburg/Santiago, the US, and London/Frankfurt will see a surcharge increase of AUD20 (USD21), AUD40 (USD43), AUD60 (USD64) and AUD60, respectively, from 15-Feb-2012, resulting in new surcharges of AUD165 (USD177), AUD240 (USD257), AUD310 (USD332) and AUD350 (USD375);
- Services between Sydney-Melbourne, Brisbane-Melbourne, Melbourne-Perth and Sydney-Albury will see a surcharge increase of AUD5, AUD4, AUD6 and AUD2, respectively, from 09-Feb-2012, resulting in new approximate prices for a one-way ticket of AUD122, AUD159, AUD235 and AUD117.
The Qantas Group noted its jet fuel cost for the six months to 31-Dec-2011 was AUD2.2 billion (USD2.4 billion), an increase of AUD450 million (USD482) compared with the previous year. Qantas stated the Australian carbon pricing system will have an estimated cost impact on the Group of AUD110 million (USD118 million) to AUD115 million (USD123 million) in 2012/13. [more - original PR]