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Flyglobespan to bring in surcharges after diving to £19m loss

31 May 2008

Flyglobespan, Scotland’s largest airline, said it would introduce surcharges on long-haul flights as it revealed its finances had plunged into the red after a turbulent summer and the rocketing price of oil.

Rick Green, the Edinburgh-based company’s chief executive, yesterday told The Herald that while the company was “‘about three-quarters hedged'” against further oil price rises, it was planning to introduce surcharges of £20 to £25 per passenger on flights this year.

source: The Herald

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