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British Airways raises fuel surcharge by £10 | British Airways raises fuel surcharge by £10 |
(40 minutes later) | |
British Airways is to increase its fuel surcharge on long-haul flights for the first time in more than two years. | British Airways is to increase its fuel surcharge on long-haul flights for the first time in more than two years. |
From Thursday, passengers will pay an extra £10 per journey sector - taking the surcharge to between £63 and £108 depending on flight length and class of travel. | From Thursday, passengers will pay an extra £10 per journey sector - taking the surcharge to between £63 and £108 depending on flight length and class of travel. |
BA said the rise reflected "the substantial recent increase in the price of oil". | BA said the rise reflected "the substantial recent increase in the price of oil". |
Short-haul flights are unaffected by the changes. | Short-haul flights are unaffected by the changes. |
Increased cost | |
BA last increased the fuel surcharge in June 2008. It has been reduced twice since then. | BA last increased the fuel surcharge in June 2008. It has been reduced twice since then. |
Surcharges were introduced to help airlines with the rising cost of jet fuel and have come to make up a significant part of the price of an airline ticket. | Surcharges were introduced to help airlines with the rising cost of jet fuel and have come to make up a significant part of the price of an airline ticket. |
They apply to each sector of a journey, so in its full list of the fees faced, BA said the surcharge on a return flight would be an extra £20. | They apply to each sector of a journey, so in its full list of the fees faced, BA said the surcharge on a return flight would be an extra £20. |
Separately on Tuesday, industry body the International Air Transport Association warned that higher fuel costs would be the biggest challenge for airlines in 2011. | |
It said that the price of jet fuel was currently 17.6% higher than a year ago and had risen by almost 5% in the past month. | |
The price of oil has risen steadily from about $72 a barrel in August to just over $90 currently. | The price of oil has risen steadily from about $72 a barrel in August to just over $90 currently. |
IATA forecast the average oil price in 2011 would be $84 from $79 this year. | |
This meant fuel would make up 27% of operating costs next year, from 26% in 2010, it added. |