BAÆs 2Q cargo revenue up nearly 40%
British Airways World Cargo said first half financial year revenues rose 39.4 percent, to '350.2 million ($556.7 million).
The airline's air freight volume rose 2.4 percent from April through September, while capacity was 1.4 percent lower. BA said its yield increased by 36.1 percent 'driven by underlying price and product mix improvement,' though its yield after the impact of exchange rate movements was 31.5 percent higher than in the same period in 2009.
'The market recovery from 2009 has been sustained and we have been encouraged by the improvement in our revenue whilst holding on to the cost savings we achieved during the downturn,' said Steve Gunning, managing director of BA World Cargo, in a statement. 'Although there is not the same level of inventory restocking as last year, we expect demand to grow during the peak season.'
The airline did not release information on profits.