Latest BA Figures Suggest Steady Recovery

British Airways
has reported that its March traffic figures were down 3.2% on the same period in 2001.

The airline is still feeling the impact of the downturn in business travel. Premium traffic was down by 9.2%, with non-premium traffic falling by 2.1%. Passenger load factor increased by 6.2% to 75.7% due to an 11.2% cut in capacity.

 

The latest traffic figures come ahead of the airline releasing its full year results later this month. BA said it was seeing the benefits of the measures it had implemented following September 11 and as part of the Future Size and Shape restructuring exercise. Since August 2001, 6,700 jobs have gone at the airline. In total 13.000 jobs will go by March 2004.


BA said that despite recent hikes in the price of oil, fuel costs for the financial year are still expected to be some 6% lower than in the previous 12 month period.

ADVERTISEMENT


——-