Yahoo Finance Qantas unleashes new $119 fee hike on passengers in weeks
Qantas will increase its change and cancellation fees from $99 to $119 from October 9.
Qantas is increasing its fees for changing or cancelling bookings for domestic flights. The higher fees will kick in for passengers next month.
The national carrier will bump up the cost of its change and cancellation fees from $99 to $119 per passenger, per ticket. The $20 price hike will come into effect from Wednesday, October 9.
It will apply to flight changes for Economy ‘Red eDeal’ tickets, name changes and cancellations for Economy ‘Flex’ tickets, and changes, name changes and cancellations for Premium Economy ‘Saver’ tickets.
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Qantas said the fee increase marked the first hike in more than seven years. Other fare conditions will remain the same.
“Qantas continuously monitors its fares, surcharges and operating costs and as a result has made an adjustment to these flight change/name change and cancellation fees," Qantas said.
"The last increase to these fees was in March 2017."
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Qantas posted an underlying profit before tax of $2.08 billion for the 2024 financial year, which it said was down on the previous year on the back of increased customer investment, moderating fares and lower freight revenue.
The airline revealed former CEO Alan Joyce was handed $3.4 million despite working just two months of the financial year. The bulk of the payment was from a $3.15 million bonus with the rest from his $381,000 salary.
It came on top of the $14.9 million he received in the 2023 financial year, after the airline confirmed his more than $9 million in bonuses had been cut.
Latest Qantas price change
Qantas raised the price of airfares three times in the last year, with the airline bumping up fares by 3.5 per cent in October after the price of oil spiked and 2.7 per cent in February matching an increase from Virgin.
It then raised airfares on the majority of its domestic routes by 2 to 3 per cent in March “to help cover cost increases passed on from a range of suppliers”.
Qantas also hiked lounge prices in April, with annual fees for new Qantas Club members going from $699 to $828, including the $129 joining fee.
Existing members must also pay more to renew their subscription, going from $540 to $629.
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