Fuel surcharge on tickets will be considered by Qatar Airways if the “oil price goes above a certain mark”, said the airline’s chief executive Akbar al-Baker.
“We already have a fuel hedging. Unfortunately, the hedge was at a higher price than what the oil price is today, because we were expecting the oil price to rise very steeply,” al-Baker told Gulf Times yesterday.
“However, once the oil price goes above a certain mark, which we are not going to tell you, because it is an internal QR matter… yes surcharge will be put on the tickets,” al-Baker said.
He said, “This will be done not only by Qatar Airways… some airlines have already started putting surcharge, which we haven’t yet. So, there will be airlines putting surcharges… and in line with them, QR will be one of them.”
Al-Baker, however, noted that Qatar Airways has “already factored the rising oil price into our budget” for the current financial year.
On Qatar Airways’ network expansion, he said, “Hopefully by 2022, we will reach close to 220 destinations and including our freighter destinations, we will be crossing 250 by then.”
Qatar Airways now flies to more than 150 business and leisure destinations worldwide.
Qatar Airways is a member of the oneworld global alliance. Qatar Airways was the first Gulf carrier to join global airline alliance, oneworld, enabling its passengers to benefit from more than 1,000 airports in more than 150 countries, with 14,250 daily departures.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Moody’s affirms ratings of 10 Qatar banks and changes outlook to stable
Masraf Al Rayan reports 4.5% growth in H1 profit to QR1.07bn
ISDA recognises QFC as a ‘netting-friendly’ jurisdiction
Iran asks Opec to keep oil output caps; Trump wants more supply
Qatar’s Industrial Production Index rises 3.3% in May 2018
Jetmakers see brisk start to air show as UK tries to soothe Brexit worries
Europe stock markets, dollar mixed as Trump meets Putin
Abraaj liquidator is said to prefer Cerberus Capital bid over Colony
China GDP growth softens in Q2 as trade row stirs concerns on outlook