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National carrier SriLankan Airlines will slap on another US$ 30 to US$ 50 surcharge on tickets from September 15, as surging jet fuel prices threatens to erode profits this year. The airline has raised prices several times in the past 18 months, the last one a US$ 20 hike to key destinations like Colombo to India and Pakistan, in July.
"The increases do not completely cover the exposure to the exorbitant levels being levied on airlines today but help offset the additional burden," Barry Brown, Head of Commercial at SriLankan Airlines, told LBO.
"From September 15 the fuel surcharges will range from USD$30-$50 depending on the length of the journey."
The devastation caused by Hurricane Katrina on the Gulf Coast has seen oil prices spike 20 percent last week, forcing airlines across the region to hike fares to stay above water.
Jet fuel prices rose from US$ 1.
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91 a gallon at the end of August to US$ 2.27 a gallon by the start of September, blamed on refinery closures by suppliers on the