Air France Set to Announce Higher Airfares

Air France is now ready to raise airfares for mid-range and long-haul flights in an effort to offset additional spending the company has incurred in the face of galloping fuel prices.

France´s flagship air carrier issued a press release to inform a 3 percent surcharge in plane tickets for long-haul flights and 2 percent for mid-range trips. The price raise affects flights departing from France.

On October 7, the company had announced an 11 euro ($14) raise for long-haul flights based on the unfettered escalation of oil prices in the world market that still remain above $50 a barrel.

The French company, which recently merged with Dutch carrier KLM, warns in the press release those new airfares will go down again as soon as crude prices slides back to less than $40 a barrel.