All EOS blogs All Spain blogs  Start your own blog Start your own blog 

Spanish Business News

The latest business, economic,property, stock market and financial news from Spain. Keep up to date with what is happening with the Spanish economy, stock market, the economic crisis, the euro zone debt sovereign debt crisis and the Spanish property market.

Taking A Holiday Just Got More Expensive
02 March 2011 @ 14:18

Travel group Thomas Cook has announced fuel supplements on its charter airline flights from the UK because of rising oil prices.

The company says the cost of jet fuel has increased 40% in the last year and oil prices have been continuing their march upwards in recent weeks as a result of the unrest in the Middle East and North Africa.

From March 1st, all new Thomas Cook holiday bookings will carry a surcharge of £15 per person for short-haul flights, £25 for medium-haul, and £40 for long-haul.

They will apply to all bookings up to and including Winter 2012.

Flight-only supplements are half those amounts for each leg of the journey.

Chief executive of the company's Mainstream division, Ian Ailles, said "We've worked hard to keep the impact of the rising fuel costs on our holidaymakers to a minimum.

"But the fuel levy is an unavoidable result of the rising price of oil."

Thomas Cook points out that the extra cost represents on average less than a 4% increase to its average holiday price - in line with the current headline rate of inflation.

It joins the likes of British Airways and Virgin Atlantic in applying a fuel surcharge to its prices.

BA recently raised its long haul surcharge for the second time in three months - taking the cost for a return flight up to £125.

Budget carriers will be looking on to see what damage - if any - the fuel surcharges do to Thomas Cook's business.

The International Air Transport Association says high oil prices will cut airline industry profits by nearly half this year to £5.3bn.

Source: Sky News/Yahoo



Like 0




0 Comments


Only registered users can comment on this blog post. Please Sign In or Register now.




 

This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x