French airline Air France has increased fuel surcharges on its air fares to offset the steep rise in jet fuel. The increase came into effect in February 1. The airline has increases its surcharge by €2 per flight on short-range trips and medium haul flights, while long-range flights will go up €10 per leg to either €96 or, if the flight lasts for more than seven hours, to €106. The International Air Transport Association profit for global airlines was estimated at $9.1 billion for 2011, but that was based on the assumption of oil being at $84 a barrel. Recently
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