BA lowers fuel surcharges for economy fares

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British Airways moved quickly on Wednesday to lower its fuel surcharges levied on economy and premium economy fares for long-haul flights, following the lead taken by Virgin Atlantic to reduce some air fares.

The reductions matched exactly the moves made by Virgin Atlantic, its chief long-haul rival out of London.

BA left the surcharges on business class fares unchanged, as did Virgin, and it also failed to lower the surcharges on short-haul flights, where Virgin does not compete, despite the big fall in fuel prices since July.

The crude oil price has fallen steeply from a record level of $147 a barrel in July to around $70 on Wednesday, the lowest level since September last year. Until this week both BA and Virgin Atlantic had maintained the fuel surcharges at levels set in June.

http://www.ft.com/cms/s/0/dabd54ce-9ad4-11dd-a653-000077b07658.html?nclick_check=1

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