BA raises fuel surcharge again as sky-high oil price wreaks havoc

British Airways raised its passenger fuel surcharge for the 11th time yesterday as the soaring oil price plunges the airline industry into its worst crisis since 2001.

Europe’s third-biggest airline put up its short-haul surcharge from
The latest industry figures suggest that demand for air travel is waning. Air passenger demand has risen just 4% this year, compared with 6.7% growth a year ago, the International Air Transport Association (Iata) said yesterday.

“The impact of skyrocketing oil prices and weaker economies has made its way to traffic growth,” warned Iata’s president, Giovanni Bisignani. He said the outlook for the industry was “grim at best”.

Guardian