This situation is a lot more serious than I and many others will think!
BA have stated that if the price of oil is sustained at or above $120 then it will be operating at a loss! The way things are going... the FY08/09 could not be a positive as first thought!
Realistically, the life of the present fuel charge arrangement has a limited shelf life since on domestic routes we will see the surcharge being more than the fare in some cases!