August 11, 2004

British Airways today increased its fuel surcharge on long-haul flights from $4.59 to $11.03 for one-way trips, $22.05 for roundtrips. The carrier -- which did not increase its $4.59 surcharge on shorter flights -- said the change is due to the rising cost of fuel, which has increased 45 percent in the last 12 months.

Delta Air Lines will need to file for bankruptcy if the company is unable to cut its costs, the carrier said Monday in an SEC filing. In the face of rising fuel and labor expenses, the airline said it must reduce its pilot cost structure in order to avoid filing for Chapter 11. Delta, whose pilot salaries are "significantly higher" than its competitors, hopes to cut approximately $1 billion from its pilot contracts.