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British Airways is to increase its fuel surcharge on flights from Monday 27 June, 2005 as a result of further rises in the price of oil.
The longhaul fuel surcharge on tickets sold and issued in the UK will increase from £16 per sector to £24 per sector (£48 return trip). The shorthaul fuel surcharge will
increase from £6 per sector to £8 (£16 a return trip).
Martin George, British Airways' commercial director,
said, "The continuing rise in global oil prices to almost US$60 a barrel means a further surcharge increase is
regrettably unavoidable. We now expect our fuel bill for this financial year to be around £1.6 billion.
"Our estimated fuel bill for this year will now be more than £450 million higher than our fuel costs last year. This additional fuel surcharge will help to offset the recent
sharp increases in the price of fuel."
Total revenue for the year to March 2006 is now expected to improve by 4.5 - 5.5%, up from the 4 - 5% figure issued at the airline's full year results on May
13, 2005, due to the impact of these latest fuel surcharges.
The additional fuel surcharge only applies to tickets issued from Monday, June 27,
2005 and does not apply to tickets already paid for and issued.
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