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British Airways To Ground Part Of Their Fleet

In a move which has never been seen in recent history, British Airways will be grounding part of their fleet in order to reduce the soaring fuel bill which the company is experiencing. As the price of oil moves higher, hitting $128 on Friday, it seems that the time has come to cut back on flights, and try to fill as many planes as possible.

This is an extraordinary move when you consider the cost of the planes which will be grounded, and the expenses incurred whether the plans fly or not. This is the clearest indication yet that the airline industry is currently experiencing the most difficult of conditions with little room for manoeuvre.

While the move is only temporary there are concerns that the situation may get worse before it gets better with oil expected to move higher in the second half of 2008, when buying for the colder winter months will start to kick in. Quite what the authorities can do to assist this vital transport network remains to be seen but there needs to be some action, sooner rather than later. Who will be next to follow British Airways’ lead?

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