British Airways reduces fuel surcharge

British Airways has announced further reductions in its fuel surcharge in a move reflecting a reduction in the price of oil and the airline’s fuel hedging policy for 2009/10.

The airline said the reductions, which were introduced today, mean that World Traveller (Economy Class) flights over nine hours have been reduced by €33 per sector and flights under nine hours are down by €17 per sector.

First and Club World flights over nine hours have been reduced by €39 per sector and shorter flights have been reduced by €22.

The fuel surcharge on domestic and European services will also be reduced by €4 per sector. For Club Europe it will be reduced by €5 per sector.

British Airways first introduced a fuel surcharge on their flights in May 2004 as oil prices rose.

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.