Ken Borough
14th Mar 2011, 04:09
...........that hapless anats pax are subsidising the already cheap travel of the Jetstar bogans?
For tickets issued on or after 17 March, the new fuel surcharges (A$ one way ex-Australia) will be:
- UK and Europe - $190 (new) $145 (previous)
- Mainland USA, Canada, South America, South Africa and India - $150 (new) $115 (previous)
- Asia, Pacific, Honolulu - $105 (new) $75 (previous)
To the best of my knowledge (just try to search the JQ web-site!), JQ do not imnpose fuel surcharges yet AJ in his presser last week said
"This prompted, last month, our first increase in international fuel surcharges since January 2008, as well as modest increases in domestic, regional and Tasman fares of up to five per cent.
"Since then, jet fuel prices have increased by a further 12 per cent, to more than US$131 per barrel today.
"This increased cost to our capital intensive business is something we, and other airlines, have to manage very carefully via hedging activities as well as surcharge and fare increases.
"The increases today will still not recover the full impact of these latest oil and fuel price rises.
"Fuel costs for the Qantas Group in the second half of this financial year are now expected to rise to $2 billion."
Why do the increased fuel costs only affect the QF side of the business? Is it called creative accounting, or are the fuel hedging and fuel purchasing policies at JQ simply superior to those of its parent?
For tickets issued on or after 17 March, the new fuel surcharges (A$ one way ex-Australia) will be:
- UK and Europe - $190 (new) $145 (previous)
- Mainland USA, Canada, South America, South Africa and India - $150 (new) $115 (previous)
- Asia, Pacific, Honolulu - $105 (new) $75 (previous)
To the best of my knowledge (just try to search the JQ web-site!), JQ do not imnpose fuel surcharges yet AJ in his presser last week said
"This prompted, last month, our first increase in international fuel surcharges since January 2008, as well as modest increases in domestic, regional and Tasman fares of up to five per cent.
"Since then, jet fuel prices have increased by a further 12 per cent, to more than US$131 per barrel today.
"This increased cost to our capital intensive business is something we, and other airlines, have to manage very carefully via hedging activities as well as surcharge and fare increases.
"The increases today will still not recover the full impact of these latest oil and fuel price rises.
"Fuel costs for the Qantas Group in the second half of this financial year are now expected to rise to $2 billion."
Why do the increased fuel costs only affect the QF side of the business? Is it called creative accounting, or are the fuel hedging and fuel purchasing policies at JQ simply superior to those of its parent?