Qantas and Virgin Australia say they cannot absorb the higher cost of fuel when the country’s carbon chargig scheme kicks in July 2012. Qantas said today that the average domestic fare would go up by $3.50 per flight – or $7 a return ticket. Virgin said it expected the increase to be about $3 per ticket, depending on the length of the flight. Qantas said it expected the carbon plan to cost the airline group between $110 million and $115 million in 2012/13. Virgin stock tumbled 2.86%, or one cent, to 34 cents after the carrier said the carbon plan

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