Call for an instant quote
0345 90 80 161
Open Mon to Fri 09:00 - 17:30 | Sat 09:00 - 16:00 (GMT)
22 March 2011 10:52
IAG has indicated it could hike fuel surchages following political unrest in the Middle East
Passengers who have already shelled out on travel insurance now face paying more fuel surcharges.
International Airlines Group (IAG) announced it could raise fuel surcharges following the hike in oil prices propelled by unrest in the Middle East.
Willie Walsh, chief executive of IAG, which was formed after the merger of British Airways and Spanish carrier Iberia, said that both the airlines were monitoring the political situation across the Middle East.
He said: "We are keeping the situation under review and we will adjust the fuel surcharge if we think it's necessary.
"There has been an increase in the volatility of the fuel prices over the last few weeks. It is likely that increases will be seen in the market and this will affect all airlines and will be a challenge to the industry."
IAG also announced its financial figures, reporting pre-tax profits of 21 million euro (£18 million) for the three months to December 31, compared with losses of 208 million euro (£177 million) in 2009.
The profits were registered despite severe weather in the UK and a Spanish air traffic controllers strike which disrupted the airlines' operations and cut revenues by 71 million euro (£60.4 million).
24 September 2016
Slim people who look physically healthy may still be at increased chance of being diagnosed with bowel cancer if they have raised insulin levels, according new research.
23 September 2016
Theresa May is being urged to give the go-ahead for flights to resume between the UK and Sharm el-Sheikh by the head of the cross-party parliamentary group on Egypt.
22 September 2016
Budget airline Jet2.com is to open its first base in the south of England at Stansted.
21 September 2016
Smoking rates have dropped to the lowest level on record in England, new figures show, suggesting messages about the health effects of cigarettes are hitting home.
20 September 2016
Concerns have been raised over flight disruptions caused by heavy drinking among passengers.
17 September 2016
British Airways' decision to launch direct flights from London to Tehran earlier this month positions Iran as one of the hottest destinations to visit in 2017, according to experts.
16 September 2016
More than 100 flights have been cancelled as French air traffic controllers go on strike again.
15 September 2016
Two thirds of MPs would support an expansion at Heathrow.
14 September 2016
TripAdvisor is launching a new homepage, making the booking of holiday activities and tours even easier.
13 September 2016
Travellers are to be charged to use fast lanes to get through passport checks in an attempt to cut queues.
09 September 2016
People travelling to regions affected by the Zika virus outbreak should practise safe sex for at least half a year upon their return, health leaders say.
08 September 2016
British Airways is apologising to passengers for delays after an IT glitch hit check-in systems.