Monday, 8 October 2018

Fuel surcharges on the way for Qatar Airways?

It has emerged today that Qatar Airways is the latest in a long line of global air companies that are considering the introduction of fuel surcharges on tickets prices to help cut the costs of huge fuel bills.

Qatar boss Akbar al-Baker told Reuters news agency on Monday, 8th October that the airline is considering such a move to help it step back into profit following losses. The Doha based airline amassed a whopping $69 million loss last year amid political tensions with its near neighbours and higher than expected fuel costs. The airline is poised to make a similar loss this year unless it can drastically change its economic outlook.

“We hope we will be able to move to profitability in the current financial year, even though the oil prices are rising,” The Qatar Airways Cheif Executive said, whilst also confirming the airline is considering fuel.  

There are a number of other airlines that have already instigated or are currently considering adding fuel surcharges to the price of air tickets, those include Malaysia Airlines, British Airways, Emirates, Cathay Pacific, Virgin Atlantic and Qantas.