British Airways World Cargo has announced a reduction to its fuel surcharge which will be implemented at the end of the month.
The surcharge will be 37p ($0.55, €0.55), with effect from 23 February following new rates announced through BA World Cargo’s fuel surcharge index, a tool designed to provide customers with more information about the calculation of fuel surcharges updated weekly.
Gareth Sinclair, head of revenue management at British Airways World Cargo, said: “As a result of further decreases in fuel prices we are reducing the fuel surcharge, in line with our index.”
The British Airways World Cargo fuel index is based on the average price of aviation fuel in four key markets - north-west Europe, Singapore, Los Angeles and the US Gulf. These averages are monitored against a fixed base of $0.513 (34p) per US Gallon, equal to index 100, and from this a weekly fuel price index is published.
The index was developed by British Airways World Cargo to provide customers with more information about the calculation of fuel surcharges.
This follows the announcement that Adam Carson, previously senior manager for revenue management, has been appointed head of business development at BA World Cargo, replacing Ed Searancke who has left the company.
Carson’s responsibilities will include product development, marketing, communications and information management. Gareth Sinclair becomes head of revenue management and joins the leadership team with immediate effect. Sinclair, previously network optimisation manager, will now be responsible for commercial planning, network optimisation, revenue development and pricing.
Steve Gunning, managing director, BA World Cargo, said: “Ed played a key role in building both our network and product portfolio and has left with our very best wishes. Adam and Gareth bring significant strategic insight and experience across a number of business areas - expertise which will prove invaluable in helping us to deliver the best performance possible in these challenging times.”
No comments yet