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Sydney: Surging jet gasoline costs could increase prices for Australia’s Qantas by as much as Aus$800 million (US$570 million) within the second half of this yr, the airline stated Tuesday.
Struggle within the Center East has led jet gasoline costs to greater than double, and so they stay “extraordinarily risky”, the provider stated in a market replace.
The price of jet gasoline within the second half of 2026 is now anticipated to be Aus$3.1 billion to Aus$3.3 billion, it stated — up from Aus$2.5 billion in its earlier forecast.
Qantas stated it was working with the Australian authorities and jet gasoline suppliers, who had been assured in gasoline provide for the remainder of April and nicely into Could.
“We’re intently monitoring the state of affairs given the continuing uncertainty in world gasoline provide chains,” the airline group stated.
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AFP 140035 GMT APR 26
