Update 1: Qantas Says Oil Prices Will Boost Charges
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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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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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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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Australia's Qantas Airways   said on Thursday it has accepted an A$11.1 billion ($8.7  billion) revised buyout offer led by Macquarie Bank Ltd.   and private equity firm Texas Pacific Group at A$5.60  a share.
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SYDNEY: Qantas Airways Ltd, Australia&#39;s biggest airline, said yesterday its full-year profit doubled on cost cuts and a pick-up in passengers, but the prospect of higher fuel costs sent its shares sliding.
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Air New Zealand will most likely announce an increase in its jet fuel surcharges within days because of the relentless climb in oil prices, the carrier&#39;s chief executive, Ralph Norris, has said.
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Stock futures rose on Monday, boosted by a flurry of deal news including a report that BHP Billiton has revived plans for a $40 billion takeover of aluminum producer Alcoa Inc. .
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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 raised its fuel surcharge for the second time in six weeks yesterday as it continues to pass oil price rises on to customers.
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Qantas shares are 1.5 percent higher Thursday after the Australian flag carrier confirmed the Aust. $1.1 billion ($770 million) exit of British Airways from its share register.
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Australia&#39;s flagship carrier Qantas Airways has reported a record annual net profit but warned oil prices threatened its performance, increasing the chance of a hike in ticket price surcharges to offset its fuel bill.
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WASHINGTON -- The price of oil charged to a new high above $47 a barrel yesterday amid nagging concerns about instability in Iraq, the uncertain fate of Russian petroleum giant Yukos, and the world's limited supply cushion.
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Qantas could move as many as 7,000 jobs overseas to save costs, according to The Australian newspaper.
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SYDNEY: Discount Australian airline Virgin Blue said yesterday it would increase fares again to help offset higher fuel costs, and would axe one of its routes because of low passenger numbers.
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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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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.