Australia's top airline Qantas
Qantas said it will raise fares by up to A$10 per sector in domestic and regional fares for tickets issued on or after March 31 and Tasman fares will go up by as much as 8 percent. The fare increases come on top of two increases in fuel surcharge.
Qantas Chief Executive Officer Alan Joyce said in a statement the current situation presented a significant threat to airlines in Australia and around the world.
Since international fuel surcharges and domestic fares increased last month, jet fuel prices have increased by a further 15 per cent, to more than US$134 per barrel today.
(Reporting by Narayanan Somasundaram)