Originally Posted by PhilH
Indeed BA announced today that their fuel costs would be £450m higher than last year, which shows that even with currency effect, the higher oil price is having a substantial effect on the bottom line. If no action is taken, it fully wipes out their operating profit!!! So, clearly revenue must be increased, and I'm not arguing about that, I'm just annoyed at the "smoke and mirrors" way it is done through a surcharge and the effect this has on award travel.
Remember that their operating profit was rather largely inflated by their divestment of a certain other airline! In fact, without that divestment, that would not have made that much of a profit.
It will be interesting to see how much money the new Irish kid can pull out. Suspect that getting any money out of BA is bit like Pandora's box - you never really know what you will find!
