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
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.