Original article by Jamie Freed
The Australian Financial Review – Page: 3 : 23-Jan-15
Virgin Australia is to remove the fuel surcharge from its US flights and instead make the charge part of the base fare. The drop in the crude oil price has prompted the carrier to reduce fares to Los Angeles from Melbourne and Sydney. It is more complicated for Qantas Airways to dismantle fuel surcharges than it is for Virgin. A Qantas official maintains that its existing fares are already "some of the cheapest in years". Macquarie Equities’ Sam Dobson says Virgin’s decision makes Qantas "increasingly likely" to act on fuel surcharges
CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, EMIRATES AIRLINES, MACQUARIE EQUITIES LIMITED, MACQUARIE BANK LIMITED – ASX MBL, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION