Fuel Surcharge Increase

RNS Number : 7253A

International Cons Airlines Group

04 February 2011

 



FUEL SURCHARGE INCREASE

British Airways will increase its fuel surcharge on longhaul services from Tuesday, February 8.

There will be no fuel surcharge increase to any British Airways' shorthaul services.

World Traveller and World Traveller Plus tickets will increase by £12 per sector (£24 return).

First and Club World tickets will increase by £17 per sector (£34 return).

The move reflects the continuing substantial increase in the price of oil and a 14 per cent rise in the spot price of jet fuel since our last fuel surcharge increase in December 2010.

The change will mean:

·      For World Traveller flights over nine hours an increase from £76 a sector to £88. On flights of less than nine hours an increase from £63 a sector to £75.

·      For World Traveller Plus flights over nine hours an increase from £94.50 a sector to £106.50. On flights of less than nine hours an increase from £73 per sector to £85.

·      For First and Club World flights over nine hours an increase from £108 per sector to £125. On flights of less than nine hours an increase from £88 per sector to £105.

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February 4, 2011                                                                                                 006/MPJ/11               

Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements.

Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations, including, without limitation, discussions of the Company's Business Plan, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

It is not reasonably possible to itemise all of the many factors and specific events that could cause the Company's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy.  Further information on some of the most important risks in this regard is given in the shareholder documentation in respect of the merger issued on October 26, 2010 and in the Securities Note and Summary issued on January 10, 2011; these documents are available on www.iagshares.com.

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