Dearbail Jordan
Attend an evening with Andre Agassi
British Airways (BA), the national flag carrier at the centre of the T5 debacle, today announced its twelfth increase in fuel surcharges in four years as it continued to blame high oil prices for the rising cost of customers' tickets.
From today, passengers on return long haul flights of less than nine hours will pay an extra £20, taking the total charge to £126. On journeys of more than nine hours, the charge will rise by £30, adding £158 for a return flight.
Short haul travellers will also see prices rise, up from £20 to an extra £26 per flight.
The increases will come into force on May 2, and BA said: "The decision reflects continuing high oil prices." Earlier this year, BA claimed that due to rising oil prices, its annual fuel price will hit £2 billion for the first time.
The price of oil neared a record high of $120 a barrel today, before settling back at $118. BP announced a 48 per cent rise in profits to $6.6 billion for the first quarter while its Anglo Dutch rival, Shell, reported income up 12 per cent to $7.8 billion during the same period.
Since 2004, when BA introduced fuel surcharges at £2.50, the extra cost on a nine hour or less long haul ticket has swelled by 2,500 per cent, and above that flight time, by 3,000 per cent.
Today's increase - the second this year on long haul flights - was announced weeks after BA opened Heathrow's Terminal 5, only to have waylaid thousands of bags, cancelled hundreds of flights and announced the exit of two of the company's most long-serving executives.
Last year, BA was fined £121.5 million by the Office of Fair Trading and a further $300 million by the US Department of Justice after it was found guilty of conspiring to fix fuel surcharges. Virgin Atlantic escaped punishment after it came forward to expose the collusion.
In February, BA and Virgin Atlantic agreed to pay up to £100 million in compensation to travellers who had been affected by the price rising on trans-Atlantic flights.
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
With rail travel in Europe on the rise, we review the benefits of travelling by train
In this special section we explore new food trends to help improve your dinner party and impress guests
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
1998
£47,955
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
Check your free Experian credit report before applying
Car Insurance
to £60K + bonus (OTE £90k)
Lord Search & Selection
Location Flexible
PwC’s Consulting practice helps businesses of all shapes
and sizes work smarter and grow faster.
£85k
CPA
Highly Competitve
Specsavers
Whiteley, near Southampton
Moments from Battersea Park.
For sale with Winkworth
Find out about shared ownership.
See your free Experian credit report beforehand
7nts - Penang £499; Borneo £699; All Inclusive £799 including flights, taxes, accommodation and private transfers
For your ultimate tailor-made ski holiday, click here
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.