British Airways will increase from Wednesday, August 11 its fuel surcharge on longhaul flights only from £2.50 per sector to £6 per sector (£12 return trip) on all new bookings made in the UK as a result of the continuing increase in the price of oil.

The shorthaul fuel surcharge of £2.50 per flight remains unchanged.

John Rishton, British Airways’ chief financial officer, said: “Fuel prices have risen by 45 per cent in the last 12 months and our fuel costs are expected to be £225 million higher than last year.

“We anticipate that the combined fuel surcharges will contribute £70 million towards these costs.”

British Airways has hedged 72 per cent of its fuel up to March 2005.
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