Business Travel Show Europe Kick Off, 23 February,
Global Travel Risk Summit Europe, May 2023,
3rd Annual Sustainable Business Travel Summit
BA's pre-tax profits for the last three months of 2004 dropped to Â£75m compared to Â£125m for the same period in 2003 after a 47.3% rise in its fuel bill.The UK national carrier said the increased fuel charges and employee costs had forced its operating expenditure up by 6.3% to Â£1.86bn. Its operating profit fell by 20.3% from Â£138m year on year to Â£110mCEO Rod Eddington said: “These are respectable results in a quarter where fuel costs increased by Â£106 million.”Chairman Martin Broughton added: “Market conditions for the current financial year remain broadly unchanged. For the year to March 2005, the total revenue outlook is slightly better than previous guidance with a 3.0-3.5 per cent improvement anticipated. All market segments remain price sensitive and yield declines are expected to continue. “Fuel costs net of hedging are still expected to be about Â£245 million more than last year. Passenger and cargo fuel surcharges partially offset this increase.”In better news for the airline, BA said it had a rise of 11.8% in its business class traffic for January 2005 compared with the same month in 2004. It also reported a 7.5% rise in economy traffic for the same period.The result was that overall capacity, measured in Available Seat Kilometres, was up 3.2% while overall traffic, measured in Revenue Passenger Kilometres, was up by 8.1%.* Air France-KLM reported “buoyant” figures for January with a 10.3% growth in passenger traffic and a “significantly improved” load factor of 78%, up 3.3% The group said that all its networks had achieved better figures with traffic in the Americas up by 9.6% and in Asia by 17%. Capacity in each region had also risen.Traffic on its medium-haul network rose by 8.8% with capacity up by 3.7%.