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Virgin Atlantic has
become the latest airline to reduce its fuel surcharge. The airline is
reducing its fuel surcharge by £5 (from £30 down to £25) per sector on all its tickets sold in the UK from Monday 21 November.
Virgin
Atlantic's fuel costs last year (end Feb 05) amounted to over £293m (22% of the
airline's operating costs) - £60m higher than budgeted, with the fuel
surcharges only recovering around one third of this increase. The
airline expects fuel could exceed £380m of costs in the current year,
at which point fuel would amount to 25% of the airline's operating costs - an increase of 50% over two
years.
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