BA World Cargo reports 'solid' Q1 performance
LONDON, Aug 1 (WorldACD) - British Airways (BA) World Cargo has reported volumes of 1,237 million cargo tonnes kilometres (CTK) for the first quarter of the financial year beginning April 2008.
This represents an increase of 4.1% versus last year, against cargo capacity that was down 3%.
Commercial revenues (flown revenue plus fuel surcharges) stand at £178 million, an increase of 22% against the same period last year. After the impact of exchange rate movements is removed, commercial revenues are up 19.3%, the company said in a statement.
The first quarter of the financial year also saw a 51.2% increase in BA’s fuel bill versus last year.
Overall yield (commercial revenue per CTK) has increased by 17.3%. Excluding exchange rate effects, yield has increased by 14.6%.
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