British Airways PLC
22 March 2005
FUEL SURCHARGE INCREASED
British Airways is to increase its fuel surcharge on all flights from Monday,
March 28 as a result of continuing record oil prices.
The longhaul fuel surcharge will increase from £10 per sector to £16 per sector
(£32 return trip). The shorthaul fuel surcharge will increase from £4 per
sector to £6 (£12 a return trip).
Martin George, British Airways' commercial director, said: 'Our fuel bill next
year is expected to be an extra £300 million. With prices continuing to rise, a
surcharge increase is regrettably unavoidable.'
The additional fuel surcharge only applies to tickets issued from March 28,
2005.
ends
March 22, 2004 024/KG/05
Notes to editors:
Fuel surcharges on all flights booked in the UK for 2004 were:
October 14: From £6 to £10 per sector on longhaul and from £2.50 to £4 per
sector on shorthaul.
August 11: 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.
May 13: 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.
British Airways is 50 per cent hedged until December 31, 2005 and 30 per cent
hedged from January to March 2006.
British Airways overall fuel costs for the year 2004/2005 is estimated to be
some £1.1 billion and some £1.4 billion for 2005/2006.
This information is provided by RNS
The company news service from the London Stock Exchange EIFEESISEID
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