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EasyJet says it will stick to promise and not add extra fuel costs to ticket prices

31 March 2008

EasyJet stuck to a five-year-old pledge yesterday and promised not to introduce a fuel surcharge, even as its shares fell 17 per cent amid warnings that it would be spending £45 million more than it had forecast on aviation fuel in the second half of the year.

A profit warning from the low-cost airline dragged down the aviation sector and easyJet predicted worse to come from its rivals, which it said were basing their forecasts on oil at $850 a tonne, while it had risen to more than $1,000 a tonne.

source: Times OnLine

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