newstodate.aero
Feb 3, 2006 (newstodate): During its Q3, the period October-December, 2005, British Airways World Cargo barely managed to stay even with its Q3 2004-results.
Flown revenues were "marginally up" on the preceding year, yields improved "slightly", but when taking currency efffects into account slipped 2.9 percent, and volumes improved "marginally".
-We have been working hard throughout our global network to support yield and develop our product mix. These efforts have paid dividends in markets such as Asia Pacific, the UK and Ireland and the United States where we have seen growth in our premium products, particularly Courier and Express business, says Gareth Kirkwood, BAWC managing director.
-However, these positive developments have been largely offset by the adverse impact of high fuel prices, overcapacity in many markets, particularly in Europe and Africa, and the reduction in garment traffic to the United States. In particular, our flown yield has suffered in Q3 from the impact of the unprecedented high level of fuel surcharge we have had to include in the rates we charge to our customers.
-In the face of these challenging conditions, our focus going forward must be to continue reducing our costs while delivering a world-class service for our customers, he says.
Flown revenues were "marginally up" on the preceding year, yields improved "slightly", but when taking currency efffects into account slipped 2.9 percent, and volumes improved "marginally".
-We have been working hard throughout our global network to support yield and develop our product mix. These efforts have paid dividends in markets such as Asia Pacific, the UK and Ireland and the United States where we have seen growth in our premium products, particularly Courier and Express business, says Gareth Kirkwood, BAWC managing director.
-However, these positive developments have been largely offset by the adverse impact of high fuel prices, overcapacity in many markets, particularly in Europe and Africa, and the reduction in garment traffic to the United States. In particular, our flown yield has suffered in Q3 from the impact of the unprecedented high level of fuel surcharge we have had to include in the rates we charge to our customers.
-In the face of these challenging conditions, our focus going forward must be to continue reducing our costs while delivering a world-class service for our customers, he says.