Air France, KLM Raise Fares Because of Fuel Costs
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Aug. 18 (Bloomberg) -- Air France and its KLM Royal Dutch Airlines NV unit are imposing fare surcharges to help pay for higher fuel costs, following similar moves by British Airways Plc and Deutsche Lufthansa AG, amid record-high crude 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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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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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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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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Southwest Airlines Co , the leading U.S. low-cost carrier, on Tuesday said it raised one-way fares by up to $10 to offset rising fuel costs.
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Air France KLM said on Wednesday it would slash KLM ticket prices to all 66 European destinations from Amsterdam by around 40 percent on Jan. 1 in an attempt to compete more effectively with low-cost carriers.
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Air France KLM on Thursday reported  second quarter operating earnings up 7.8 percent to 568 million  euros ($731 million) and hiked its merger synergy targets as it  remained confident on full-year earnings.
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Air France KLM posted stronger than expected second-quarter operating profits on Wednesday and maintained its sights on full-year growth despite the strain on its fuel bill from escalating oil prices.
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Major U.S. airlines have boosted fares in some domestic markets, matching an increase initiated by low-cost carrier AirTran Airways, airlines, analysts and travel Web sites said on Tuesday.
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Southwest Airlines Co., the leading U.S. budget carrier, said on Monday it raised fares by as much as $10 each way, a move that triggered matching fare hikes by major rivals.
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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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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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As if on cue, airlines are responding to oil's latest surge by pushing ticket prices even higher
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Air France-KLM Group, Europe&#39;s biggest airline, said second-quarter sales grew 6.4 percent as passengers generated more revenue.
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Air France-KLM on Monday posted a 61 percent rise in revenue in the group&#39;s fiscal second quarter, boosted by the merger between the French and Dutch carriers and a strong rise in passenger and cargo revenue.
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Continental Airlines Inc  raised U.S. domestic fares to offset soaring fuel costs, increasing the price of round-trip tickets by $10, a company spokesman said on Friday.