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Stock impact report

British Airways blames Reeves's air travel tax for raising price of loyalty flights [Yahoo! Finance Canada]

INTL CONSL AIRLNS S/ADR (ICAGY) 
NASDAQ:AMEX Investor Relations: iagshares.com
The carrier said the cost of flights, which can be paid for with Avios frequent flyer points and a cash sum, known as “Reward Flights”, will rise from Dec 15. It said the move was because of increases in departure taxes to be introduced by the Chancellor from April 2026, as well as higher inflation. A BA spokesman said: “Our Reward Flight saver flights continue to offer our members incredible value, but a combination of factors has left us with no choice but to increase our prices. “We've given members as much notice as we could to help them plan ahead.” An increase in air passenger duty (APD) announced by Ms Reeves in her first Budget is set to hit the airline industry from April 1, adding £2 to the cost of a short-haul economy flight and £4 to a similar trip in the front of the plane. The levy for long-haul flights will typically increase by £12 in economy and £28 in business. It follows a similar rise in APD in April 2025. It means the number of Avios points needed for Show less Read more
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