Call for an instant quote 0345 90 80 161
Open Mon to Fri 08:30 - 19:00 | Sat 09:00 - 16:00 (GMT)
Or call 0345 90 80 161
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).
07 June 2019
Get hitched without a hitch! Here are our top tips on how to choose your perfect wedding location abroad, covering everything from food to legalities.
[more...]
03 June 2019
Want to get into surfing but not sure where to go? Here's where you should be heading to get the best beginner waves around the world.
Heading to the showpiece event of women's football in France this summer? Here's everything you need to know about England's venues for France 2019.
Get more out of your smartphone when you go travelling by downloading these travel apps and make your trip easier at the touch of a button.
24 May 2019
Heading to the football in Baku but don't know what else to do? Explore the hip and trendy crossroad of Europe and the Middle East and experience the fast-growing phenomenon, Azerbaijan.
Two of London's top football teams head east in search of silverware on May 29. If you're heading to Baku for the final, here's our guide on what you need to know before you go...
17 May 2019
There's more to Monaco than the Grand Prix. Discover the magic of the Mediterranean principality with our guide to what you must see in Monaco.
15 May 2019
Are you heading to one of Europe's best music festivals this summer? Then make sure you read our top ten tips before you leave...
What makes the Monaco Grand Prix so special? From a royal guestlist to a challenging circuit, we take a look at why the Monte Carlo Formula 1 race is so prestigious...
Get inspired for a summer of music, travel and adventure with our guide to some of the best music festivals around Europe.
07 May 2019
Thinking of visiting Spain? There are some excellent reasons to explore the country this spring and summer, from football finals to eating snails - so don't miss out!
Want to learn a new language without the hassle of going to classes? Check out our guide to the best free apps on the market and get yourself holiday-ready in no time.