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Old 3rd Nov 2008, 18:51
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CornishFlyer
 
Join Date: Jun 2008
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Yeah Virgin and BA have reduced the surcharge. The thing is, in this industry, to try and offset the cost of increasing fuel bills, fuel gets "hedged" whereby it is bought in advance for the future. This means that even if the price of fuel goes down, the fuel that has been hedged in the past at the higher price still hasn't been used and so the price of the surcharge won't be able to be reduced yet. Not really much the airlines can do. Just have to wait unfortunately
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