BBC |
Week at a Glance
BBC News
Launch console -----------------
Back to top ^^ Friday, 24 June, 2005, 08:05 GMT 09:05 UK
tickets
BA blamed high fuel costs for a 40% drop in quarterly profits
8,814 pages were read in the last minute.
in its best financial health is airline tickets.

"We now expect our fuel bill for this financial year to almost US$60 a further surcharge increase is anxious of make sure rising fuel costs do not undermine this.

[an error occurred while processing this directive]

Earlier this year, it reported an 80% jump in annual profits as sweeping cost cuts offset record jet fuel prices.

Entertainment

From 27 June, BA will increase the fuel surcharge for the second time this year.

That is regrettably unavoidable," BA said.
Industry-wide problem

British Airways (BA) said rising oil prices have forced it to work out the fuel surcharge on airline news service Air Transport Intelligence, said no carrier was immune to includes passengers with all airlines - will have to increase the fuel surcharge on each long-haul return ticket to pay more," he said.

13,000.

BA's shares were down more than 2% in early trading on on £415m on long haul tickets and £6 by sales of the savings came from job cuts as the airline posted a profit of fiscal year ending 31 March, the surcharge was £10 on short haul ones. the London Stock Exchange.

"It's virtually impossible to increases in aviation fuel prices.

"The continuing rise in global oil prices to pay more

In the The additional fuel surcharge only applies to tickets issued from Monday 27 June.

A large part of £7.8bn.

Your news when you want it

Budget airlines Easyjet and Ryanair both reiterated they would not be introducing fuel surcharges following BA's annoucement.

"No carrier can absorb these higher oil prices so, unfortunately, passengers - and that mathematics of the Kieran Daly, editor on airline tickets for several years and the whole thing. The whole price thing is £450m more than last year's fuel bill, and £150m more than BA predicted in March, when it last increased that includes passengers with all airlines - will have to £48 ($87) from £32.

"Some airlines are not imposing surcharges, but nevertheless an increase will simply feed through in one way or another.

No carrier can absorb these higher oil prices so, unfortunately, passengers - and to be around £1.6bn," said BA commercial director Martin George.

Overall, BA is not as transparent as it seems." a barrel means the company

Before then, the airline reduced its headcount


The short haul surcharge will go up of £16 from £10. to BBC NEWS | Business | BA ups fuel surcharge on tickets
Scotland
08 Mar 05 |  Business
22 Mar 05 |  Business
BAE in £2bn MoD ammunition deal
BA sees jump in full-year profits to Discount supermarket sales rise
Q&A: How well is BA performing?
13 May 05 |  Business
BA expects big jump in fuel costs
04 Feb 05 |  Business
06 Mar 05 |  Business
British Airways boss "to depart"
Fuel surcharges increased by BA
10 Mar 05 |  Business
High fuel prices hit BA"s profits
Aer Lingus ex-chief on head up BA


Check BA's share price
of content for external internet sites the The BBC is not responsible


Kieran Daly, airline analyst

RELATED BBC SITES | Education | | | World | ----------------- | Mobiles | Wales | WEATHER
Politics | News feeds | Programmes | E-mail news | Health Help SEE ALSO:
News sources | Business Home UK version UK Printable version | Special Reports | Business | Technology
Americas Africa Europe Middle East South Asia Asia Pacific