Qantas should lower fuel surcharges
As oil prices continue to drop and motorists begin to enjoy the benefits of loser bowser prices, a leading industry body has called on Qantas to pass on the savings to passengers.
FuelTrac general manager Geoff Trotter said prices had fallen 26 per cent over the past five weeks due to a US oil glut.
Mr Trotter called on Qantas to drop its fuel surcharges, introduced to combat rising oil prices.
“Qantas always leads the way in announcing surcharges but we never hear about them taking the surcharges back off,” he said.
Qantas chief financial officer Peter Gregg said surcharges had been introduced in 2004 after the company had absorbed price rises for almost six months.
Fuel prices remained volatile and Qantas was still not recovering all increases.
“We would need to see a sustained reduction below $US60 a barrel (currently $US66 a barrel) for more than a month before we could even consider reducing surcharges,” Mr Gregg said.
Let’s all keep an eye on that barrel price.
Graham Muldoon
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