BA issues fuel cost warning as profit jumps to Â£335m
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British Airways&#39; chief executive, Rod Eddington, warned yesterday that he was preparing for a long, hard winter as the high cost of fuel eats into the national flag carrier&#39;s profits.
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American Airlines' parent AMR Corp.  AMR.N on Wednesday said record-high fuel costs pushed it to a  hefty third-quarter loss and warned it must cut costs and find  new revenue sources to survive in a world of soaring oil  prices.
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The runaway price of oil is creating an &quot;extremely serious situation&quot; for British Airways (BA), the carrier's marketing and sales chief Martin George was quoted as saying in a newspaper article.
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Business & money: British economy faces rising costs of food and increasing energy prices amid slowing growth
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Qantas Airways has raised its fuel surcharge on domestic and international tickets by $4 and $7, respectively, because of the high price of oil.
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British Airways is to increase its fuel surcharge as a result of the continuing rise in the price of oil. The airline said its longhaul surcharge on all UK bookings will rise from Â£6 ($10.
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British Airways reported Friday a 22.4-percent increase in net profit over the first nine months of its financial year to 623 million pounds (1.2 billion dollars, 830 million euros).
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British Gas on Tuesday announced sharp increases in domestic natural gas and electricity bills, blaming part of them on the high cost of wholesale gasoline.
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UK brewer Scottish & Newcastle, warns of "substantial price increases" to offset rising costs.
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Airports operator BAA says last month's terror alert cost it Â£13m in increased security measures and lost revenues.
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British Airways said Friday that third-quarter profit fell 14 percent as fuel costs rose and new security requirements cut into revenue.
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Centrica, the owner of British Gas, reports a 5% fall in operating profits  despite the benefit of higher fuel bills.
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SURGING oil prices are continuing to drive up British Airwaysâ fuel costs and persuaded it to continue its three-year freeze on the dividend yesterday despite rising profits.
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LONDON : British Airways said it would raise its fuel surcharges by up to eight pounds (11.6 euros, 14.4 dollars) per return ticket as a result of soaring oil prices.
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The airline said earnings were hurt by higher oil prices, strikes and special items, but said its operating profit rose as it attracted more passengers.
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Business & money: Prospect of pound-a-litre petrol on Britain's forecourts moves a step closer.
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Households across Britain are facing the prospect of higher fuel bills, with one of the big six gas and electricity suppliers expected to announce price increases today