newstodate.aero
Aug 7, 2006 (newstodate): British Airways World Cargo has reported commercial revenues - flown revenues plus fuel surcharges - of GBP164 million for the first quarter, up 11.6 percent on the previous year.
After the impact of exchange rate movements is removed, commercial revenues were up by 9.6 percent.
Overall yields are up by 5.3 percent excluding exchange effects. Volumes have risen by 4.1 percent compared to the same quarter last year, to 1,233 million CTKs. Capacity measured in available tonne kilometres has risen by 4.8 percent compared to last year, while British Airways' fuel costs have risen by 42 percent in the quarter.
-It has been a tough start to the year with overall prices continuing to decline which has been mitigated by the growth in premium products sales, says Gareth Kirkwood, BA World Cargo managing director.
-The high cost of fuel remains a major challenge, and consequently it is essential that we continue to grow profitable volumes going forward. In particular we are maintaining a continued focus on premium sales in the run up to the opening of Premia in September, he says
After the impact of exchange rate movements is removed, commercial revenues were up by 9.6 percent.
Overall yields are up by 5.3 percent excluding exchange effects. Volumes have risen by 4.1 percent compared to the same quarter last year, to 1,233 million CTKs. Capacity measured in available tonne kilometres has risen by 4.8 percent compared to last year, while British Airways' fuel costs have risen by 42 percent in the quarter.
-It has been a tough start to the year with overall prices continuing to decline which has been mitigated by the growth in premium products sales, says Gareth Kirkwood, BA World Cargo managing director.
-The high cost of fuel remains a major challenge, and consequently it is essential that we continue to grow profitable volumes going forward. In particular we are maintaining a continued focus on premium sales in the run up to the opening of Premia in September, he says