Virgin Australia will increase airfares and fuel surcharges from 22 August 2013, following last week's similar round of increases by Qantas.
The average base airfare on domestic and regional flights within Australia plus "the majority of short-haul international routes" will go up by 3 percent, the airline says.
Long distance international fares will go up from $50 for a return flight to Europe and the Middle East if you're in economy, $70 in premium economy and $130 in business class, all through a boost in the base fare.
Business class travel to the US will also rise by $50 for a return flight in economy and $70 in premium economy via adjustments to the base fare, but $100 in business class through increases in both the basic ticket price and the fuel surcharge.
Virgin Australia says the increases are an unavoidable result of "the sustained fall in the value of the Australian Dollar and the recent increase in crude oil prices" which have seen the airline's fuel costs rise by 13 percent over the past two months.
“As a result of the competitive environment, Virgin Australia has been unable to recover previous increases in fuel costs and is now facing higher fuel costs primarily due to the fall in the value of the Australian dollar" explains Virgin Australia Chief Commercial Officer Judith Crompton.
However, Crompton also pledges that "we will continue to closely monitor fuel prices and consider increases or decreases to our fuel surcharges and fares in line with changes in market conditions."
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