Qantas has been forced to increase its fuel surcharges as oil and jet fuel prices continue to climb.
The carrier said this morning that domestic, regional and Tasman fares will increase by five percent.A $10 fuel surcharge will be added to domestic fares and $20 surcharge for Tasman Qantas Frequent Flyer Classic Award Frequent Flyer redemption seats.
The standard Perth-Sydney one-way fare will increase from $245 to $257.
International fuel surcharge to Britain and the US will increase by $100, to $290 and $250 respectively.
The changes will apply to tickets issued on or after Thursday, April 28.
Qantas chief executive Alan Joyce said further increases in oil and fuel prices were a continuing concern for the aviation industry.“After fuel hedging, fuel surcharges and fare increases, Qantas will still not fully recover these higher fuel costs," mr Joyce said.
“The revised fuel surcharges cover less than half of the increase in fuel cost for the Qantas International business for next year. With fuel prices at record highs, even if the fuel price begins to decrease it will be some time before we will be able to decrease the fuel surcharge.”
Mr Joyce said the Qantas Group will spend $2 billion on fuel in the second half of this financial year.
This is a $300 million increase to the fuel bill when compared to the first half.Qantas increased domestic airfares and international fuel surcharges in February and March this year in response to rising fuel prices.