8th Jun 2007 13:45
British Airways PLC08 June 2007 LONGHAUL FUEL SURCHARGE INCREASED British Airways is to increase its longhaul fuel surcharge with effect fromWednesday June 13, 2007 as a result of further rises in the price of oil. The fuel surcharge on longhaul flights of less than nine hours will rise from£33 per sector (£66 return) to £38 (£76 return) and from £38 per sector to £43(£86 return) on flights longer than nine hours. The shorthaul fuel surcharge remains unchanged at £8 per sector (£16 return). Robert Boyle, British Airways' commercial director, said: "The cost of fuel hasagain risen significantly in recent weeks. Unfortunately, we have little choicebut to pass on some of this extra cost to our customers. "Fuel continues to be our second largest cost and we expect our fuel bill thisyear to be more than £2 billion. "The price of oil continues to be extremely volatile. Therefore, we believe thefuel surcharge continues to be the most transparent way for our customers tounderstand what they are paying and allows us to adjust the direct cost to ourcustomers appropriately, whether that is increasing or reducing the fuelsurcharge as we did on some of our longhaul flights in January." British Airways will also increase its fuel surcharges by similar levels inmarkets outside the UK. June 8, 2007 071/GJ/07 Ends 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 surcharge remained unchanged at £8 per sector.Equivalent rises in other markets outside the UK. April 18, 2006: Surcharge increased from £30 per sector on longhaul to £35 persector. Shorthaul surcharge remained unchanged at £8 per sector. Equivalentrises in other markets outside the UK. January 12, 2007: Surcharge decreased on longhaul flights of less than ninehours from £35 per sector to £30 per sector. Shorthaul surcharge remainedunchanged at £8 per sector. Equivalent decreases in other markets outside theUK. May 2, 2007: Surcharge increased on longhaul flights of less than nine hoursfrom £30 per sector to £33 per sector and on longhaul flights of more than ninehours from £35 per sector to £38 per sector. Shorthaul surcharge remainedunchanged at £8 per sector. Equivalent rises in other markets outside the UK. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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