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16/10/2008
Ryanair Call For OFT Investigation Into Fuel Price Rises
Budget airline Ryanair has called on the Office of Fair Trading (OFT) to launch a probe into the rise in aviation fuel prices at Belfast City and Glasgow Prestwick Airport. Ryanair said Air BP, which has a "complete monopoly" on the fuel at the airport, has not explained price rises over ten times the rate of inflation.
Jim Callaghan, Ryanair's Director of Legal and Regulatory Affairs said: "Air BP has a complete monopoly on the supply of aviation fuel at these airports and is abusing this position to unilaterally impose over 50% cost increases (over 10 times the rate of inflation).
"This abuse comes at a time when BP and the other oil majors are making billion pound profits at the expense of the aviation industry, which is currently in crisis."
Air BP said prices are agreed by mutual negotiation and "must reflect current market and cost environments".
Ryanair said it has repeatedly written Air BP asking for an explanation for the price rises but claimed Air BP had "refused to provide any valid justification".
The fuel provider said it was confident that it had not breached any competition laws and was surprised by Ryanair's decision to contact the OFT.
(GK/JM)
Jim Callaghan, Ryanair's Director of Legal and Regulatory Affairs said: "Air BP has a complete monopoly on the supply of aviation fuel at these airports and is abusing this position to unilaterally impose over 50% cost increases (over 10 times the rate of inflation).
"This abuse comes at a time when BP and the other oil majors are making billion pound profits at the expense of the aviation industry, which is currently in crisis."
Air BP said prices are agreed by mutual negotiation and "must reflect current market and cost environments".
Ryanair said it has repeatedly written Air BP asking for an explanation for the price rises but claimed Air BP had "refused to provide any valid justification".
The fuel provider said it was confident that it had not breached any competition laws and was surprised by Ryanair's decision to contact the OFT.
(GK/JM)
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British Airways announces ticket price rises
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British Airways (BA) has announced an increase in fuel surcharge on ticket prices, due to increasing oil price rises. The longhaul fuel surcharge will increase to £48 per return trip, while the surcharge for shorthaul flights will rise to £16 for a return trip, for all tickets purchased from June 27.
03 June 2008
Ryanair Fares To Stay Low Despite Soaring Fuel Costs
Ryanair is planning to ground up to 10% of his fleet this winter in a move to counter crippling airport charges. The budget airline saw full year after-tax net profits rise by 10% - other reports have cited 20% - to £381 million. However, the doubling of landing and handling charges by operator BAA still requires the carrier to cut costs.
Ryanair Fares To Stay Low Despite Soaring Fuel Costs
Ryanair is planning to ground up to 10% of his fleet this winter in a move to counter crippling airport charges. The budget airline saw full year after-tax net profits rise by 10% - other reports have cited 20% - to £381 million. However, the doubling of landing and handling charges by operator BAA still requires the carrier to cut costs.
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MPs will vote on Monday evening on plans to increase fuel duty by 3 pence a litre in January. Labour have said "it would be wrong" to bring the new rise in s soon an want it delayed until at least April. Conservative MPs concerned about the cost of petrol said they believed Chancellor George Osborne was "in listening mode" over the issue.
19 March 2008
Countdown For Fuel Payments For Pensioners
Over 60s who haven't yet claimed the Winter Fuel Payment have just days to get in touch with The Pension Service to receive help with energy costs. Pensions Minister Mike O'Brien urged older people to get their claim forms in the post before 28 March. The Winter Fuel Payment is £200 for the over 60s rising to £300 for the over 80s.
Countdown For Fuel Payments For Pensioners
Over 60s who haven't yet claimed the Winter Fuel Payment have just days to get in touch with The Pension Service to receive help with energy costs. Pensions Minister Mike O'Brien urged older people to get their claim forms in the post before 28 March. The Winter Fuel Payment is £200 for the over 60s rising to £300 for the over 80s.
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Northern Ireland WeatherToday:A very mild, but mostly cloudy day, although with some bright or sunny spells. It will be mostly dry in the morning, but a little patchy light rain or drizzle at times in the afternoon. Maximum temperature 14 °C.Tonight:A band of heavier rain will move east during the evening before clearing eastwards after midnight. then mostly dry through the early hours, but a little rain towards dawn. Minimum temperature 8 °C.
