Will Qantas' fuel levies on reward tickets increase substantially in July?

[levelnine]

I was listening to a finance podcast this weekend that mentioned most of Qantas' fuel hedging ends in July.

A quick Google confirmed that:

Qantas is temporarily insulated from soaring fuel costs thanks to its hedging program through to the end of June, but a reduced hedging level from July could expose it to higher prices if the war in Ukraine continues to roil energy markets.

It probably means an increase in airfares later this year to maintain yields, even as the carrier tries to entice travellers back into the air after a bruising two years of COVID-19.

Mr Longo said Qantas had a good line of sight and could plan well for the periods when the most substantial parts of the recovery would come. The airline has 90 per cent of its fuel needs hedged until the end of June, and Mr Longo did not think that any airfare price shocks were coming immediately.

Qantas faces higher fuel pressures after June

Qantas’ unique fuel hedging position should see it weather sky-high fuel prices for the rest of the financial year, but pressures will intensify past June.

www.afr.com

Is that a reason to suspect that the fuel levies on Qantas reward tickets will significantly increase in June/July? As they have with Emirates in the last few months.

 

[ZigZagWanderer]

Yes.

[me sitting pretty having bought emirates tickets in feb ]

 

[CaptJCool]

And did it happen?

 

[levelnine]

And did it happen?

If my calculations are correct, the answer is yes. And by a huge amount.

AFF lists the taxes and fees for a one way flight from Australia to Europe in economy at $140 in February 2022: A List of Qantas Carrier Charges for Reward Flights

Now it is almost double at $243:

 

[Mattg]

If my calculations are correct, the answer is yes. And by a huge amount.

AFF lists the taxes and fees for a one way flight from Australia to Europe in economy at $140 in February 2022: A List of Qantas Carrier Charges for Reward Flights

Now it is almost double at $243:
View attachment 303053

The carrier charges listed in the AFF article are just that - Qantas-imposed carrier charges - and do not include other third-party fees & tickets like the Australian departure tax or security charges.

The carrier charge component on a Y award from SYD-LHR is still $140. There have been no changes.

 

[levelnine]

Ahh my mistake, thanks for clarifying.