Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Virgin Blue To Introduce Fuel Surcharge

Virgin Blue To Introduce Fuel Surcharge

Virgin Blue has today announced the introduction of a fuel surcharge effective on all bookings made after 17 May 2004 due to the continued rise in jet fuel prices. "While jet fuel prices have seen spikes before, we are concerned about what appears to be a sustained price plateau higher than we have experienced since our launch", said Virgin Blue CEO, Brett Godfrey.

"Like other airlines around the world, we are focusing our cost controls on things we can try and impact like the insatiable appetite of some airports as well as internal cost controls. We truly regret that we have been compelled to introduce this surcharge for the first time, but the oil markets are obviously beyond anyone's influence." Virgin Blue will introduce a fuel surcharge of $6 per sector for Virgin Blue flights and $10 per sector for Pacific Blue flights on all bookings made after midnight on 17 May 2004.

Since Virgin Blue’s average flight time domestically is approximately 2 hours and its internationals are just over three, the low fare airline thought this was appropriate amount for the markets it serves. The fuel surcharge will be effective for all bookings made on or after 12:01 a.m. on Tuesday morning, 18 May.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news