Qantas hikes international airfares citing volatile oil prices from war in Middle East [Yahoo! Finance Canada]
QANTAS AIR LTD S/ADR NEW (QABSY)
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Source: Yahoo! Finance Canada
oil price volatility caused by the war in the Middle East, while the airline also reported higher-than-normal ticket sales for flights to Europe. While the company hedges against change in jet fuel prices, it was not fully covered for the spike seen in the wake of surging oil prices , a spokesperson said on Tuesday. Qantas' price hikes will differ in extent across its international routes, the spokesperson said, but did not provide further detail. The conflict, catalysed by the US-Israel strike on Iran in late February, has disrupted flights around the world with major airports and airspaces affected across the Middle East – including Dubai, among the busiest international airports in the world and the official stopover for Emirates. Qantas, which does not operate flights to the Middle East, has continued to operate and reported seats rapidly filling up as some passengers from affected carriers rebook through the Australian airline. Trips to and from Europe from April to Jun
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