British Airways PLC
12 November 2007
FUEL SURCHARGE INCREASE
British Airways will increase its fuel surcharge on all tickets booked from
Thursday November 15, 2007
The decision reflects new record oil prices and takes into account rising fuel
costs. The airline expects the cost of fuel to increase by £136 million in the
second half of the current financial year, with the total fuel bill for the year
anticipated to exceed £2 billion for the first time.
The changes will mean:
• The surcharge for longhaul flights of less than nine hours will increase
by £10 per flight from £38 to £48 (£96 return)
• The surcharge for longhaul flights of more than nine hours will increase
by £15 from £43 to £58 per flight (£116 return)
• The surcharge for shorthaul flights will increase by £2 from £8 to £10 per
flight (£20 return)
Robert Boyle, British Airways commercial director, said: 'The cost of oil has
reached record levels, rising by more than $20 per barrel since we last
increased our fuel surcharge in June 2007. '
British Airways will make similar adjustments to its fuel surcharge in markets
outside the UK.
Notes to editors:
History of fuel surcharges on all British Airways' flights booked in the UK
since May 2004.
May 13, 2004: Introduced a £2.50 per sector surcharge on longhaul and shorthaul.
For all flights booked outside the UK the airline introduced a fuel surcharge
of USD $4 per sector.
August 11, 2004: Surcharge increased to £6 per sector on longhaul. Shorthaul
remained at £2.50. Outside the UK, the longhaul fuel surcharge increased to
USD$10 per sector with shorthaul remaining at USD $4.
October 14, 2004: Surcharge increased from £6 to £10 per sector on longhaul and
from £2.50 to £4 per sector on shorthaul. Equivalent rises in other markets
outside the UK.
March 22, 2005: Surcharge increased from £10 to £16 per sector on longhaul and
from £4 to £6 per sector on shorthaul. Equivalent rises in other markets outside
the UK.
June 27, 2005: Surcharge increased from £16 to £24 per sector on longhaul and
from £6 to £8 per sector on shorthaul. Equivalent rises in other markets outside
the UK.
September 12, 2005: Surcharge increased from £24 per sector on longhaul to £30
per sector. Shorthaul remained unchanged at £8 per sector. Equivalent rises in
other markets outside the UK.
April 18, 2006: Surcharge increased from £30 per sector on longhaul to £35 per
sector. Shorthaul remain unchanged at £8 per sector. Equivalent rises in other
markets outside the UK.
January 12, 2007: Surcharge decreased on longhaul flights of less than nine
hours from £35 per sector to £30 per sector. Shorthaul remain unchanged at £8
per sector. Equivalent decreases in other markets outside the UK.
April 23, 2007: Surcharge increased on longhaul flights of less than nine hours
from £30 - £33 per sector and on flights of more than nine hours from £35 - £38
per sector. Shorthaul surcharge remained unchanged at £8 per sector. Equivalent
rises in markets outside the UK
June 13, 2007: Surcharge increased on longhaul flights of less than nine hours
from £35 per sector to £38 per sector and on flight of more than nine hours from
£38 to £43 per sector. Shorthaul surcharge remained unchanged at £8 per sector.
Equivalent rises in markets outside the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
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