On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
70° Feels Like: 70°
Wind: WSW 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

PM Thunderstorms/Wind 80°

Tonight

Scattered Thunderstorms 65°

Tomorrow

Partly Cloudy 74°

Alerts

Qantas to raise fares on high fuel prices


A Qantas Airways Boeing 747 is seen parked at Bangkok's Suvarnabhumi airport January 26, 2011. REUTERS/Sukree Sukplang
A Qantas Airways Boeing 747 is seen parked at Bangkok's Suvarnabhumi airport January 26, 2011. REUTERS/Sukree Sukplang

SYDNEY (Reuters) - Australia's top airline Qantas <QAN.AX> has raised airfares to offset rising fuel costs that is threatening airline profits.

Qantas said it will raise fares by up to A$10 per sector in domestic and regional fares for tickets issued on or after March 31 and Tasman fares will go up by as much as 8 percent. The fare increases come on top of two increases in fuel surcharge.

Qantas Chief Executive Officer Alan Joyce said in a statement the current situation presented a significant threat to airlines in Australia and around the world.

"Since international fuel surcharges and domestic fares increased last month, jet fuel prices have increased by a further 15 per cent, to more than US$134 per barrel today."

(Reporting by Narayanan Somasundaram)

Comments