High oil costs hit more airlines
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Air France and KLM ticket prices are to rise after the carriers imposed further surcharges to counter high fuel costs.
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MONTREAL -- Despite a jump of 19 per cent 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.
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The price of oil jumped to another high on Monday, in part because of dramatic disruptions caused by hurricanes whipping through the Gulf of Mexico.
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FORT WORTH, Texas Soaring jet fuel prices will force American Airlines to spend an additional one (B) billion dollars for fuel this year.
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GENEVA: International airlines are heading for a near US$5bil loss this year, largely due to the rise in oil prices, the industryâs global body said on Tuesday.
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Some companies are dealing with rising oil costs in unique ways.
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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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The world&#39;s major airlines are expected to rack up about $US4.8 billion ($A6.33 billion) in losses this year and will climb back to profit next year only if oil prices fall, the top industry body warned today.
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Business & money: Motorists set to face higher prices at petrol pumps after cost of oil surges above $79 a barrel.
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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 has raised its fuel surcharge on domestic and international tickets by $4 and $7, respectively, because of the high price of oil.
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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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Australian flag carrier Qantas on Friday raised fuel surcharges on domestic and international tickets, blaming the skyrocketing price of crude oil prices.
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International airlines are heading for a  near $5 billion loss this year, largely due to the oil price  rise, the chief economist of the industry's global body IATA  said on Tuesday.
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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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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.
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Higher jet fuel costs overcame Southwest's record revenues for the June quarter.