newstodate.aero
NOV 10, 2003 (newstodate): In its results for the first six months of the financial year 2003-2004, British Airways World Cargo has seen its flown revenues of GBP275 million, down 2.7 percent year-on-year.
The drop is largely due to exchange rate fluctuations, the company says in a release.
Cleansed for the effects of exchange rate movements, the drop in flown revenue, including Freight, Courier, Mail and Interline would be 0.3 percent only.
The volume of cargo traffic carried across the airline's international network declined marginally by 0.6 per cent, to 2,091 million Cargo Tonne Kilometres.
The company also reported that load factors, including freighters, dipped slightly to 56.4 percent, down 0.3 per cent on the same period last year.
Despite the difficulties encountered in the first half of the year, BAWC slightly improved its market share to 14.2 percent, according to AEA figures.
The drop is largely due to exchange rate fluctuations, the company says in a release.
Cleansed for the effects of exchange rate movements, the drop in flown revenue, including Freight, Courier, Mail and Interline would be 0.3 percent only.
The volume of cargo traffic carried across the airline's international network declined marginally by 0.6 per cent, to 2,091 million Cargo Tonne Kilometres.
The company also reported that load factors, including freighters, dipped slightly to 56.4 percent, down 0.3 per cent on the same period last year.
Despite the difficulties encountered in the first half of the year, BAWC slightly improved its market share to 14.2 percent, according to AEA figures.