Qantas to raise fares
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The airline’s low-cost offshoot Jetstar is said to reviewing its fare levels too.
The report said proposed increases to Qantas sold outside Australia were also being consideration.
“The continuing rise of jet fuel prices is of concern, however we have hedged 34 per cent of our 2008/09 needs at a price of $US90 ($96) per barrel,” Qantas Chief Executive Geoff Dixon was quoted saying.
“However, an increase in base fares is now necessary to partially bridge the widening gap between the actual increase in the cost of fuel and the amount we offset through surcharges or non-fuel cost improvements,” he was quoted saying.
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