Prices have risen jet fuel From $85-90 a barrel to $150-200 a barrel in recent days, in a sector where fuel accounts for up to a quarter of operating expenses.
The following are some of the major companies that have announced price increases for airline tickets:
Air New Zealand
On March 10, Air New Zealand was among the first companies to announce widespread increases in ticket prices, with increases in one-way economy class fares set at NZ$10 (US$6) for domestic flights, NZ$20 for short-haul international flights, and NZ$90 for long-haul flights.
International Airlines (IAG)
International Airlines Group (IAG), the owner of British Airways, announced on March 10 that it does not plan to raise ticket prices immediately, having secured a large portion of its short- to medium-term fuel.
Scandinavian Airlines
The leading Nordic airline announced on March 10 that it had implemented a temporary price adjustment due to rising jet fuel prices.
Hong Kong Airlines
Hong Kong Airlines has announced it will raise its fuel surcharge by up to 35.2% effective March 12, with the biggest increase on flights between Hong Kong, the Maldives, Bangladesh and Nepal, where the surcharge will rise to HK$384 (US$49) from HK$284.
Qantas Airways
airline announced this week that it will raise ticket prices for its international flights for the week beginning March 9, and that it is considering increasing the number of flights on its existing European routes in the coming months.
Thai Airways
Thai Airways said on March 11 that it would raise ticket prices by between 10% and 15% to cover higher fuel costs.
