On Air Now

Current Show

Coast to Coast AM   12:00 AM - 5:00 AM

Call Coast to Coast now at 1-800-825-5033

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
65° Feels Like: 65°
Wind: SW 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 60°

Tomorrow

Mostly Sunny 82°

Thurs Night

Mostly Clear 63°

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