IATA Says Airline Fuel Bill Up USD$10 Billion
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The global airline industry stands to incur losses of between USD$3 billion and USD$4 billion this year as surging oil prices wipe out any hope of profit created by rising passenger traffic, the International Air Transport Association said on Monday.
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British Airways, Europe&#39;s biggest airline by passenger capacity, has hiked its fuel surcharges by up to UKÂ£8 per ticket, a day after oil prices climbed to record levels.
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British Airways is to raise its fuel surcharge as a result of the continuing increase in the price of oil.
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Southwest Airlines Co., the leading U.S. budget carrier, raised fares by as much as $10 each way to offset rising fuel costs, the company said on Monday.
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SYDNEY (Dow Jones)--Citing a continuation in rising fuel prices, Australia&#39;s Qantas Airways Ltd. (QAN.AU) said Friday it will increase its passenger fuel surcharge for a second time in two months.
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UAL Corp , parent of United Airlines, said on Friday it has increased its domestic fuel surcharge, bringing the total to $25 each way on all domestic routes.
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TORONTO (CP) - An online travel agency is advising consumers that some Canadian tour operators and airlines are increasing their fuel charges by $25 effective Monday in response to higher crude oil prices.
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The airline said fourth-quarter net income rose to $111 million compared to a year-earlier profit of $57 million, But it warned that fuel costs in the current quarter will rise substantially.
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British Airways announced Friday that it was increasing its fuel surcharge on both short-haul and long-haul flight tickets because of rising oil prices.
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British Airways said on Wednesday that it would raise its fuel surcharge on long-haul airfares because of high oil prices.
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In response to escalating fuel prices, Air New Zealand has announced it will increase its fuel surcharge on airfares sold from September 2 onward.
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Regional airline Rex has joined Qantas and Virgin Blue in deciding to increase the fuel surcharge paid by passengers in response to high oil prices.
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Qantas Airways Ltd , Australia's largest airline, said on Monday it would raise its fuel surcharges on international routes, the second increase in less than a year.
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As if on cue, airlines are responding to oil's latest surge by pushing ticket prices even higher
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Delta Air Lines, United Airlines and Continental Airlines have all raised their domestic fuel surcharges, matching a move by American Airlines amid soaring fuel prices.
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By Kyodo News International, Tokyo  May 25--TOKYO -- All Nippon Airways Co. said Friday it will raise fuel  surcharges by between 300 yen to 1,000 yen per one-way flight on its  international services starting July 10, in a move that follows a similar  decision by rival Japan Airlines Corp.
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American Airlines says it is raising domestic fares by $5 one-way and $10 per round trip to cover the high cost of jet fuel. American said Friday that the increase took effect immediately for most domestic flights as well as those to Canada.