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Fuel surcharge increase

12th Nov 2007 13:59

British Airways PLC12 November 2007 FUEL SURCHARGE INCREASE British Airways will increase its fuel surcharge on all tickets booked fromThursday November 15, 2007 The decision reflects new record oil prices and takes into account rising fuelcosts. The airline expects the cost of fuel to increase by £136 million in thesecond half of the current financial year, with the total fuel bill for the yearanticipated to exceed £2 billion for the first time. The changes will mean: • The surcharge for longhaul flights of less than nine hours will increase by £10 per flight from £38 to £48 (£96 return) • The surcharge for longhaul flights of more than nine hours will increase by £15 from £43 to £58 per flight (£116 return) • The surcharge for shorthaul flights will increase by £2 from £8 to £10 per flight (£20 return) Robert Boyle, British Airways commercial director, said: "The cost of oil hasreached record levels, rising by more than $20 per barrel since we lastincreased our fuel surcharge in June 2007. " British Airways will make similar adjustments to its fuel surcharge in marketsoutside the UK. Notes to editors: History of fuel surcharges on all British Airways' flights booked in the UKsince May 2004. May 13, 2004: Introduced a £2.50 per sector surcharge on longhaul and shorthaul. For all flights booked outside the UK the airline introduced a fuel surchargeof USD $4 per sector. August 11, 2004: Surcharge increased to £6 per sector on longhaul. Shorthaulremained at £2.50. Outside the UK, the longhaul fuel surcharge increased toUSD$10 per sector with shorthaul remaining at USD $4. October 14, 2004: Surcharge increased from £6 to £10 per sector on longhaul andfrom £2.50 to £4 per sector on shorthaul. Equivalent rises in other marketsoutside the UK. March 22, 2005: Surcharge increased from £10 to £16 per sector on longhaul andfrom £4 to £6 per sector on shorthaul. Equivalent rises in other markets outsidethe UK. June 27, 2005: Surcharge increased from £16 to £24 per sector on longhaul andfrom £6 to £8 per sector on shorthaul. Equivalent rises in other markets outsidethe UK. September 12, 2005: Surcharge increased from £24 per sector on longhaul to £30per sector. Shorthaul remained unchanged at £8 per sector. Equivalent rises inother markets outside the UK. April 18, 2006: Surcharge increased from £30 per sector on longhaul to £35 persector. Shorthaul remain unchanged at £8 per sector. Equivalent rises in othermarkets outside the UK. January 12, 2007: Surcharge decreased on longhaul flights of less than ninehours from £35 per sector to £30 per sector. Shorthaul remain unchanged at £8per sector. Equivalent decreases in other markets outside the UK. April 23, 2007: Surcharge increased on longhaul flights of less than nine hoursfrom £30 - £33 per sector and on flights of more than nine hours from £35 - £38per sector. Shorthaul surcharge remained unchanged at £8 per sector. Equivalentrises in markets outside the UK June 13, 2007: Surcharge increased on longhaul flights of less than nine hoursfrom £35 per sector to £38 per sector and on flight of more than nine hours from£38 to £43 per sector. Shorthaul surcharge remained unchanged at £8 per sector. Equivalent rises in markets outside the UK. This information is provided by RNS The company news service from the London Stock Exchange

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