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Looks like the stars are aligning for the airlines in 2015 with a couple of nice little earners
As well as being slow to reduce fuel surcharges (or whatever alternative term they use) , unless they are 100% hedged, the cynic in me says that when they do the ‘base fare’ will rise to compensate.
The cynical me also thinks they will be slow to pass on, if at all, the reduction in APD particularly for ultra-long haul fares except for those already pre-booked for travel after the change date for which they are legally obligated to do.
Additionally no doubt the refunds of overpaid APD could be defered until the date of travel plus a few weeks processing time thus earning a bit of interest