High fuel prices to cost airline industry up to $4 bn this year
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NEW YORK, September 28  - The airline industry is expected to lose as much as $4 billion in 2004 due to the high fuel costs, despite an increase of about 19% in international passenger traffic so far this year.
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British Airways said it would raise its fuel surcharges by up to eight pounds (11.6 euros, 14.4 dollars) per return ticket as a result of soaring oil prices.
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Air passengers are set to pay for record oil prices as airlines move to increase ticket prices. Qantas said yesterday it would increase the fuel surcharge it includes in the cost of tickets and Air New Zealand is expected to follow.
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Virgin Blue is increasing its domestic and international fuel surcharge fees as a result of record high oil prices. The domestic flight surcharge will go from $6 per sector to $10, while the surcharge on international
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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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FORT WORTH, Texas -- The high cost of jet fuel is prompting American Airlines to raise its domestic ticket prices. It is going to charge an extra $5 for one-way flights, and $10 per roundtrip.
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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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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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Air France becomes the latest major airline to raise ticket prices in response to higher fuel costs.
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Qantas Airways Ltd., Australia&#39;s biggest airline, raised its fuel surcharge for a second time to help offset soaring jet-fuel costs.
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MONTREAL - Despite a jump of 19 percent in world air traffic this year, airlines are expected to lose as much as $4 billion in 2004 because of high fuel costs, the International Air Transport Association said Monday.
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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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KUALA LUMPUR AirAsia said Wednesday that it aimed to raise as much as 864 million ringgit, or $227 million, in Malaysia&#39;s biggest share sale this year and that it might have to lift fares as fuel costs surge.
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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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AUSTRALIAN airline Qantas has upped its prices for the second time in three months, blaming rising oil prices, while budget airline Ryanair insists it will not impose fuel surcharges on customers.
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British Airways said it expects high oil prices to drive up its annual fuel bill by 245 million pounds, though this would be partly offset by customer surcharges.
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MONTREAL -- Despite a jump of 19% in world air traffic so far this year, airlines are expected to lose as much as $4 billion US in 2004 due to high fuel costs, says the International Air Transport Association.