BRITISH Airways World Cargo revenues reached £290.4 million for the first half of the 2007, down 8.8 per cent on 1H 2006.
Cargo capacity (ATK) dropped four per cent, with volumes down by 1.6 per cent to 2,365 million cargo tonne kilometres. Overall yield has fallen by 3.8 per cent excluding exchange effects.
Sean Doyle, financial controller BA World Cargo, said: "This has been a solid volume performance under challenging market conditions and shows a quarter-on-quarter improvement. While capacity has been reduced, predominantly as a result of the withdrawal of the fourth long-haul freighter last year, our load factor has improved, showing that we're filling aircraft more effectively.
"The decline in yield reflects lower levels of fuel surcharges compared to the same period last year and a change in our destination mix due to falling demand for North America destined freight. We've seen good volume performance out of the US, Asia Pacific and the Middle East and a solid recovery in Japan. Volumes from Europe are encouraging but yield is under pressure and the UK is experiencing strong volume and price pressure." |
