Page last updated at 10:57 GMT, Wednesday, 15 October 2008 11:57 UK

BA and Virgin cut fuel surcharges

A Virgin Atlantic plane
The move puts pressure on Virgin Atlantic's rivals such as BA to follow suit

British Airways and Virgin Atlantic are to cut their fuel surcharges for most passengers by up to 13 in response to a fall in the price of oil.

Both airlines are trimming the fares in their two cheapest classes but those above Virgin's premium economy and BA's World Traveller Plus see no reduction.

The price of oil has fallen sharply from above $147 a barrel in July to below $80 - making jet fuel cheaper.

The cost of fuel has been partly blamed for the collapse of several airlines.

Oasis, Silverjet and Zoom as well as the travel firm XL are among those to have gone out of business in recent months.

Surcharges for passengers in Virgin's economy class and on BA World Traveller tickets will drop from 78 to 68 on shorter sector routes.

Longer route economy charges will dip from 109 to 96.

Virgin's premium economy charges and BA's World Traveller Plus costs on shorter routes slide 5 to 83, and will fall by 6.50 to 114.50 on longer routes.

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