British Airways World Cargo has reported commercial revenues (flown revenue plus fuel surcharges) of £363 million, an increase of 25.2 per cent against the same period last year. After the impact of exchange rate movements is removed, commercial revenues are up 21.4 per cent.
Volumes reached 2,437.4 million cargo tonne kilometres for the first half of the financial year, representing an increase of 2 per cent versus last year, against cargo capacity that was down 3.2 per cent.
Overall yield (commercial revenue per CTK) has increased by 22.7 per cent. Excluding exchange rate effects, yield has increased by 18.8 per cent.
Sean Doyle, financial controller, comments: "Over the half year we have seen strong product and operational performances which have helped to drive this impressive set of results. Terminal 5 continues to work well for BA and has contributed to our record-breaking second quarter operational performance.
"Traffic has remained steady out of most areas including the Americas, Europe, the Middle East and South Asia, due in part to the improved product mix which has helped to drive yield."
Steve Gunning, managing director, adds: "Our customers' ongoing support for our premium services and our own increased focus on delivering a consistently high operational service have been instrumental in achieving this strong set of results. While the industry outlook is very challenging, BA World Cargo is well placed to continue providing a high level of service and a robust operation for our customers."