British Airways World Cargo’s revenues up 3.3%
British Airways World Cargo reported flown revenues of '498 million ($934 million) for its financial year ended March 31, up 3.3 percent compared to its previous fiscal year.
Volumes for the 12 month period fell 0.4 percent to 4.93 billion cargo ton kilometers.
“Our full year figures show a respectable performance in what has been a challenging year where price has been under pressure in every market. However, by optimizing our business and improving our product and destination mix in line with customer demand we have subsequently increased yield,” said Sean Doyle, BA World Cargo’s head of finance.
“Our expanded short-haul freighter program, increased rotations across the APACME (Asia Pacific Middle East) region and focus on premium products, including courier and express, have been particularly well received. However, stronger results have been offset primarily by the adverse impact of decreasing volumes and price pressure, in particular out of Europe and Africa,” Doyle said.