BA increases fuel surcharge
British Airways (BA) has increased its fuel surcharge on long-haul flights.The carrier blamed rising oil prices for the increase, which is due to be implemented from Wednesday May 2nd.Passengers travelling on long-haul flights of less than nine hours will see their £30 surcharge increase by ten per cent, while the surcharge on flights over nine hours will increase to £38.Although admitting that the increase was "regrettable", BA commercial director Robert Boyle explained that the current volatility of oil prices meant fluctuating the surcharge was the "most transparent" way of making customers pay the price.He added that manipulating the fuel surcharge price allowed BA "to adjust the direct cost to our customers appropriately, whether that is increasing or reducing the fuel surcharge as we did on some of our long-haul flights in January".Since introducing the surcharge in May 2004 BA has raised it six times. It cut the surcharge in January from £35 to £30 for sub-nine-hour flights and today's rise keeps its level below that enforced during the final nine months of last year.
Share this..
Related stories
One in five sub-prime mortgage holders are struggling
A survey by the housing charity Shelter has revealed that one in five sub-prime mortgage holders are struggling to keep their payments up to date with a significant 5% (37,000 borrowers) expecting to have their homes repossessed over the next six months. However, it was also revealed that up to one third of the 260,000 sub-prime mortgage holders questioned expect to fall behind with their payments...
Read MoreIs it time to consider a consolidation loan?
A number of people in the UK have been looking towards consolidation loans to try and address their personal financial problems but many people have put off taking action in the hope that the UK economy would recover. However, with the likelihood that the UK economy will not move into a boom phase in the short to medium term, higher unemployment and £60 billion wiped off the budget deficit the sh...
Read MoreMPs Try To Overturn New Road Tax Scheme
A report from the Environmental Audit Committee has blown open the government's pursuit of car owners with the launch of the forthcoming new car tax regime. Billed as a green tax for the future there was a split decision from the Environmental Audit Committee, something rarely seen in government induced reports.
While some members of the committee were happy to see new car tax laws...
German Parliament passes Greek bailout plan
The lower chamber of the German Parliament has today approved the Greek bailout package which will now move to the upper house for a further vote. Angela Merkel, the Chancellor of Germany, has been very forthright in her opinion that European member states have no option but to approve the Greek bailout package otherwise financial markets could actually move into meltdown. While there had been...
Read MoreDonald Trump Talks Up UK Property
Like a knight on his charger the infamous Donald Trump is riding to the rescue of the UK government suggesting that UK property will not suffer the same fate as US property where prices have collapsed over the last 12 months. Trump, who is in the process of finalising a £1 billion golfing development in Scotland, believes that the UK property market has not been over developed during the last de...
Read More