British Airways reduces fuel surcharge
British Airways has announced a reduction in its fuel surcharge. Following this latest fuel surcharge reduction, long haul passengers travelling on British Airways flights can save up to €17 per sector. World Traveller (Economy Class) passengers will...
British Airways has announced a reduction in its fuel surcharge. Following this latest fuel surcharge reduction, long haul passengers travelling on British Airways flights can save up to €17 per sector.
World Traveller (Economy Class) passengers will pay €17 less per sector for long haul flights of nine hours or more and €16 less per sector for long haul flights under nine hours.
The World Traveller Plus (Upgraded Economy) passengers will pay €8 less for longer long haul sectors and €6.50 less for shorter long haul sectors. For example, passengers flying on British Airways from Malta to New York via London in World Traveller and World Traveller Plus will now save a total of €32 on each return flight. This is the second time that British Airways is reducing its fuel surcharge. The first reduction came into effect in January 2007. Through these recent reductions, British Airways is continuing to offer the best market prices for long haul flights.
British Airways first introduced a fuel surcharge on flights in May 2004 due to the rising prices in oil. Although fuel prices continue to be volatile, British Airways is committed to support customers by ensuring fair market prices for their flights. This year, fuel costs for British Airways are expected to rise by 50 per cent to a daily bill of £8 million. This increase will amount to a yearly bill of £3 billion, an increase of £1 billion when compared to last year's fuel costs.
Oil remains the largest cost for British Airways and it now represents about 35 per cent of the cost base. Five years ago, BA's fuel bill amounted to around 10% of its cost base.
British Airways said it will keep fuel surcharges under constant review and will adjust accordingly.
World Traveller (Economy Class) passengers will pay €17 less per sector for long haul flights of nine hours or more and €16 less per sector for long haul flights under nine hours.
The World Traveller Plus (Upgraded Economy) passengers will pay €8 less for longer long haul sectors and €6.50 less for shorter long haul sectors. For example, passengers flying on British Airways from Malta to New York via London in World Traveller and World Traveller Plus will now save a total of €32 on each return flight. This is the second time that British Airways is reducing its fuel surcharge. The first reduction came into effect in January 2007. Through these recent reductions, British Airways is continuing to offer the best market prices for long haul flights.
British Airways first introduced a fuel surcharge on flights in May 2004 due to the rising prices in oil. Although fuel prices continue to be volatile, British Airways is committed to support customers by ensuring fair market prices for their flights. This year, fuel costs for British Airways are expected to rise by 50 per cent to a daily bill of £8 million. This increase will amount to a yearly bill of £3 billion, an increase of £1 billion when compared to last year's fuel costs.
Oil remains the largest cost for British Airways and it now represents about 35 per cent of the cost base. Five years ago, BA's fuel bill amounted to around 10% of its cost base.
British Airways said it will keep fuel surcharges under constant review and will adjust accordingly.