One of the big downsides to redeeming miles for travel on British Airways is the fuel surcharges they impose. These surcharges apply regardless of whether you're booking an award ticket through British Airways' own Executive Club program, or through one of their partner airlines.
For example, the roundtrip fuel surcharges for business class between San Francisco and London are ~$904.
That doesn't even include any of the other taxes and fees. These are only made worse by the UK Air Passenger Duty (APD), which applies for tickets that have travel originating in the UK.
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from One Mile at a Time http://onemileatatime.boardingarea.com/2014/09/10/reduce-british-airways-fuel-surcharges/