Aurigny to up fares as oil hits new high

AURIGNY fares will rise by about 5% within the next two weeks because of the increased cost of fuel.

Crude hit a record high over the weekend as its biggest ever one-day hike took it up $10 to $139 a barrel. This coincided with a dollar slump, plummeting share values on Wall Street and US unemployment suffering its biggest rise in 20 years.

Aurigny commercial director Malcolm Coupar said the increases were regrettable. 'Customers should be aware that due to the current level of oil prices, we are in the process of reviewing our fares and we expect there to be increases within two weeks,' he said.

He confirmed the rise would be in the region of 5% on all flights.