Market Chatter: Coles Group, Virgin Australia, Qantas Flag Higher Prices Because Of Rising Energy Costs, AFR Says

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Coles Group (ASX:COL), Virgin Australia Holdings (ASX:VGN), and Qantas Airways (ASX:QAN) warned of higher prices due to the increase in prices because of the war in the Middle East, the Australian Financial Review (AFR) reported Friday.

Coles said it would be forced to increase the price of groceries due to the rising cost of transporting food. Coles said it was "increasing the frequency that we review the fuel component of our freight rates from monthly to twice per month."

Virgin Australia said airfares would have to rise around 5% to make up for higher costs. Qantas said that it would review airfares more frequently due to the increasing cost of fuel. Qantas increased its international airfares by 5%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Coles said it was \"increasing the frequency that we review the fuel component of our freight rates from monthly to twice per month.\"</p><p>Virgin Australia said airfares would have to rise around 5% to make up for higher costs. Qantas said that it would review airfares more frequently due to the increasing cost of fuel. Qantas increased its international airfares by 5%.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7082","symbol_name":"大卖场与超市","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2620204951","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620204951","pubTimestamp":1773981223,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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