Qantas warns on airfare hike

Australia’s largest airline Qantas Airways flagged an industry-wide rise in airfares to help offset soaring oil prices that threaten to stall the global aviation sector’s recovery. Qantas may raise prices and fuel surcharges if global competitors did the same thing, Joyce said. Qantas chief executive Alan Joyce also reiterated he was still seeking an out-of-court settlement with Rolls-Royce after a mid-air engine explosion in an A380 last year grounded Qantas’ fleet of the superjumbos and shook confidence in the airline.