Saturday 22nd Oct 2016 - Logistics Manager

BA ups fuel surcharge for cargo

British Airways World Cargo has increased its fuel surcharge to 54p a kilo saying that it followed a second consecutive week that its fuel index had been above the level 16 threshold.
Adam Carson, senior manager revenue management, British Airways World Cargo, said: “The market continues to be affected by rising fuel prices and as such it is necessary to increase our fuel surcharge by two levels, in line with the index.”
The BAWC fuel index is based on the average price of aviation fuel in four spot markets; North West Europe, Singapore, Los Angeles and US Gulf.
These averages are monitored against a fixed base of US$0.513 per US gallon, equal to index 100, and from this a weekly fuel price index is published. Fuel surcharges are determined when the index reaches specific trigger points.