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The Guardian - AU
The Guardian - AU
Business
Rafqa Touma

Travellers urged to book early as fares predicted to soar due to rising jet fuel prices

Qantas Rico Merkert ACCC
A Qantas plane takes off at Melbourne Airport
According to the ACCC, oil prices have reached an eight-year high; Prof Rico Merkert of the University of Sydney says they may continue to rise. Photograph: Con Chronis/AAP

Travellers are facing steep air fare hikes and are being urged by industry experts to book early as bans on Russian oil cause jet fuel prices to surge.

Qantas chief executive, Alan Joyce, has said the average fare would increase by 7% as a result of the increased crude oil prices following Russia’s invasion of Ukraine, but others predict the price rises could be higher.

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