newstodate.aero
Feb 2, 2007 (newstodate): British Airways World Cargo acknowledges a tough 3. quarter, October - December 2006.
Commercial revenues at GBP 161.6 million were down 8.5 percent, y-o-y, volumes dropped by 8.8 percent, while yields were up 2.9 percent excluding exchange effects.
-This last quarter has been challenging for BA World Cargo. Demand for general freight in the UK and Japanese markets has continued to soften. Intense competition in the Indian market has also put pressure on yields. However, demand from North America, Latin America and the Caribbean has been strong, and performance in North and West Africa has been particularly encouraging. From a European perspective we have seen improvements in France, the Eastern Mediterranean markets and Benelux, largely down to increased perishables traffic, says Sean Doyle, BAWC financial director.
Commercial revenues at GBP 161.6 million were down 8.5 percent, y-o-y, volumes dropped by 8.8 percent, while yields were up 2.9 percent excluding exchange effects.
-This last quarter has been challenging for BA World Cargo. Demand for general freight in the UK and Japanese markets has continued to soften. Intense competition in the Indian market has also put pressure on yields. However, demand from North America, Latin America and the Caribbean has been strong, and performance in North and West Africa has been particularly encouraging. From a European perspective we have seen improvements in France, the Eastern Mediterranean markets and Benelux, largely down to increased perishables traffic, says Sean Doyle, BAWC financial director.