newstodate.aero
MAY 13, 2005 (newstodate): Taking cargo yield as a key factor of success, British Airways World Cargo barely managed to keep it almost flat, down 0.2 percent, during its latest fiscal year, ending March 31, 2005.
Actually the yield did decrease by 6.2 percent during the year due to the effects from unfavorable exchange rates that also reduced BAWC's increase in flown revenues from 11.8 to 4.1 percent, reaching GBP 482.1 million.
Capacity increased by 4.6 percent while volumes increased by 11.1 percent, resulting in an improvement of the load factor by 3.6 percentage points.
-There's no escaping the fact that industry conditions remain tough. Fuel costs, competition and security issues, amongst others, continue to provide a background of pressure and uncertainty for carriers, says Gareth Kirkwood, BAWC Managing Director.
Actually the yield did decrease by 6.2 percent during the year due to the effects from unfavorable exchange rates that also reduced BAWC's increase in flown revenues from 11.8 to 4.1 percent, reaching GBP 482.1 million.
Capacity increased by 4.6 percent while volumes increased by 11.1 percent, resulting in an improvement of the load factor by 3.6 percentage points.
-There's no escaping the fact that industry conditions remain tough. Fuel costs, competition and security issues, amongst others, continue to provide a background of pressure and uncertainty for carriers, says Gareth Kirkwood, BAWC Managing Director.