British Airways Drops Fuel Su

RNS Number : 2593K

British Airways PLC

17 December 2008

 



BRITISH AIRWAYS DROPS FUEL SURCHARGE  

British Airways will drop its fuel surcharge by as much as a third on longhaul services from Thursday, December 18.

The move reflects the reduction in the price of oil and the airline's fuel hedging policy for 2009/10.

The reduction in fuel surcharge will mean:

• For World Traveller flights over nine hours a reduction of £30 per sector to £66. On flights of less than nine hours a reduction of £15 per sector to £53.

• For World Traveller Plus flights over nine hours a reduction of £30 per sector to £85. On flights of less than nine hours a reduction of £20 per sector to £63.

• For First and Club World flights over nine hours a reduction of £35 per sector to £98 and on shorter flights a reduction of £20 to £78.

The fuel surcharge on domestic and European services will also be reduced by £4 to £12 per sector. For Club Europe it will be reduced by £5 to £15 per sector.

ends

December 17, 2008  

Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward looking statements. 

Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations, including, without limitation, discussions of the Company's Business Plan programs, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. 

It is not reasonably possible to itemize all of the many factors and specific events that could cause the Company's forward looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Fuller information on some factors which could result in material difference to the results is available in the company's Annual Report for the year ended 31 March 2008, which is available on www.bashareholders.com.

 

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