Qantas May Raise Surcharge as Oil Surge Adds A$200 Mln to Costs
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Qantas Airways Ltd., Australia&#39;s biggest airline, may raise its fuel surcharge by between A$2 and A$10 per fare to cover some of the A$200 million ($147 million) in increased costs as
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Air New Zealand announced Thursday that it will increase its surcharge on air fares from early next month because of the rising cost of jet fuel.
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Virgin Blue Holdings Ltd., Australia&#39;s second-biggest airline, increased a surcharge on all tickets as the cost of jet fuel soared.
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MELBOURNE/SYDNEY  - Investment bank Macquarie Bank  and private equity firm Texas Pacific Group have proposed buying out Australian airline Qantas Airways  in a deal that could be worth more than A$10 billion ($7.7 billion), pushing Qantas shares up as much as 21 percent.
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British Airways and Richard Branson&#39;s Virgin Atlantic Airways say they will raise fuel surcharges following similar moves by major European carriers this week as oil prices surged.
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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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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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Major U.S. airlines on Tuesday rolled back a fuel surcharge increase aimed at offsetting soaring oil prices as consumers balk at higher ticket prices and worries over the health of the economy grow.
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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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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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As if on cue, airlines are responding to oil's latest surge by pushing ticket prices even higher
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Macquarie Bank Ltd.  and private equity firm Texas Pacific Group  are leading a plan to buy out Qantas Airways Ltd. , Australia's top airline said on Wednesday, sending its shares up 21 percent.
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AustraliaÂs national carrier, Qantas, said that it had been approached by Macquarie Bank and the Texas Pacific Group amid speculation of a takeover.
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Major U.S. airlines rolled back a fuel surcharge increase on Tuesday aimed at offsetting soaring oil prices, as consumers balk at higher ticket prices and as worries over the health of the economy grow.
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British Airways is to increase its fuel surcharge as a result of the continuing rise in the price of oil. The airline said its longhaul surcharge on all UK bookings will rise from Â£6 ($10.
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Air New Zealand has confirmed it is hiking up the fuel surcharge on airfares sold from September 2nd. The surcharge applied to flights on regional Link services will double, to $6 per one-way journey.
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LONDON British Airways announced Friday that it was increasing its fuel surcharge on both short-haul and long-haul tickets because of rising oil prices.