Asia Bizz: Australian carrier Qantas Airlines recently said that its fuel costs would increase by Aus $300 million in the second half of the financial year. The airline increased the surcharges for the second time in two months.
Qantas stated that jet fuel was its largest operational expense and the market prices were also high. The airline, in a statement, said that while the fuel charges, price increases and hedging are being used to mitigate the impact of fuel prices, they will not fully recover the cost impact.
Qantas also revealed that one-way fuel surcharges on its international flights would rise between Aus $10 and Aus $30 from April 12, 2012 to recover some revenue.