SFGate: British airways to increase fuel surcharge paid by long-haul passengers

[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

 



=20
----------------------------------------------------------------------
This article was sent to you by someone who found it on SFGate.
The original article can be found on SFGate.com here:
http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2004/08/09/f=
inancial1712EDT0247.DTL
 ---------------------------------------------------------------------
Monday, August 9, 2004 (AP)
British airways to increase fuel surcharge paid by long-haul passengers



   (08-09) 14:12 PDT LONDON (AP) --
   British Airways said Monday it will pass on the impact of rising oil
prices by more than doubling the fuel surcharge paid by long-haul
passengers. Virgin Atlantic Airways followed by announcing its own plan to
boost its surcharge.
   British Airways said that beginning Wednesday the surcharge will increase
from $4.57 to $11 for one-way trips, and to $22 for round trips. The
short-haul surcharge of $4.57 remains unchanged.
   "Fuel prices have risen by 45 percent in the last 12 months and our fuel
costs are expected to be 225 million pounds ($412 million) higher than
last year," said John Rishton, BA's chief financial officer. "We
anticipate that the combined fuel surcharges will contribute 70 million
pounds ($128 million) toward these costs."
   Virgin Atlantic Airways later announced an identical hike in its fuel
surcharge, on all tickets sold in Britain, also taking effect Wednesday.
   "As a long-haul carrier our fuel costs represent a higher share of our
costs than other airlines so we're hit harder," Virgin said.

 ----------------------------------------------------------------------
Copyright 2004 AP

[Index of Archives]         [NTSB]     [NASA KSC]     [Yosemite]     [Steve's Art]     [Deep Creek Hot Springs]     [NTSB]     [STB]     [Share Photos]     [Yosemite Campsites]