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).
21 October 2016
A union is warning of travel chaos over the Christmas period at four major UK airports, unless a baggage carrier transfers staff to other companies.
20 October 2016
Thousands of passengers faced travel chaos yesterday after rail service through the Channel Tunnel was suspended because of a power failure.
19 October 2016
People planning holidays from Gatwick Airport in the run up to Christmas could face travel chaos as unions threaten to strike over a pension dispute.
18 October 2016
Eurostar has said it will cut 12 services from London St Pancras to Paris and Brussels.
15 October 2016
Tourists in Thailand are being advised to "behave respectfully" and wear "sombre" clothing as the country mourns King Bhumibol Adulyadej.
14 October 2016
Holidaymakers are being warned to buy currency in advance as exchange rates being offered are as little as 0.96 euro to the pound at airports.
13 October 2016
Scientists say there is strong evidence air pollution and vitamin D deficiency can cause dementia.
12 October 2016
More people are going on holiday than at any time in the past five years despite terror attacks and the impact of Brexit, according to a study.
11 October 2016
People from across North Carolina had to be rescued from their homes as the downgraded Hurricane Matthew blew out to sea - leaving a trail of destruction in its wake.
04 October 2016
People travelling abroad is on the rise, according to the World Tourism Organisation (UNWTO)
08 October 2016
A hurricane pelting the coast of Florida and described as a 'monster' by a local official has brought chaos to the state, with flights cancelled, homes evacuated and theme parks shut.
07 October 2016
Low-cost airline easyJet says its profits will nosedive as terrorist attacks and air traffic control strikes are taking their toll on the company.