Controversial fuel surcharges to rise higher with BA-Iberia

With the crisis in the Middle East continuing to gain momentum, concerns over oil shortages are pushing the price ever upwards. BA and its associated carrier airline, Iberia, are set to increase fuel surcharges even higher according to a statement by the group's chief executive.

Fuel surcharges, introduced in the 1970s are frowned upon by consumer watchdogs and are seen as a hidden and unnecessary charge for passengers. With many travellers on a budget, even for those making just a single trip travel insurance and other crucial extras soon add up so hidden expenses such as fuel surcharges are seen as unnecessary and costly.

BA's boss, Willie Walsh said that the volatility in the market meant that fuel prices would inevitably be rising presenting a 'challenge' to the industry. Mr Walsh went on to disclose BA's fuel bill, which in 2010 totalled around £3.3 billion but was expected to rocket during 2011 to £4.3 billion.

However, the increase in BA's fuel bill will come as little comfort to passengers, with many opting to try and make savings in other areas of the bill such as taking out single trip travel insurance, which is cheaper in the short-term, but more expensive in the long-term for frequent fliers.

Another cost saving many may be tempted to make is taking out a standard insurance policy rather than a more specialised product, such as backpacker travel insurance. The backpacker travel insurance packages and other tailored insurance products are designed to more specifically meet the needs of travellers not visiting other countries on a standard holiday package but can be more expensive as they tend to be more comprehensive.

BA also announced healthy pre-tax profits for the last quarter of 2010, compared to losses announced for the same period in the previous year, news not likely to be received well by passengers facing further price hikes.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email
Great value travel insurance from insurefor.com

Join the 1,000's of people who protect themselves and trust insurefor.com with their travel every day

Established over 15 years ago, at insurefor.com we pride ourselves on providing great value, comprehensive insurance to all of our customers. We listen to your requirements and specialise in travel insurance plus medical cover and car hire excess insurance, so your travel plans are fully insured.
Flexible cover for insurefor.com customers

Great value cover

Whether you are a new or returning insurefor.com customer, we always ensure your get great cover at a competitive price

insurefor.com is an experienced insurer you can trust

Comprehensive protection

At insurefor.com we provide up to £10,000,000 cover for medical emergencies, up to £5,000 cover for cancellations and up to £2,500 for baggage and much more…

Comprehensive protection from insurefor.com

Here when you need us

We hope you never need to use your insurefor.com travel insurance, but if you do – rest assured that our emergency assistance teams are here to help 24/7

Securuty and Privacy with insurefor.com

Buy with confidence

Your privacy is our priority, we work hard to make sure any information you give is kept secure