British Airways World Cargo (BAWC) has reported commercial revenue (flown revenue plus fuel surcharges) of £550.3 million (US$790 million) for the full year beginning April 2009. This represents a decrease of 18.2 per cent against the same period last year. Excluding the impact of favourable exchange rate movements, commercial revenues were down 26.1 per cent. Volumes of 4.5 million cargo tonne kilometres (CTKs) for the full year represent a decrease of 2.2 per cent versus the previous 12 … [Read more...] about BAWC gets 4Q boost and full-year profit
revenue
Positive revenue growth for US carriers
The Air Transport Association of America (ATA) reported that passenger revenue, based on a sample group of carriers, rose 12.5 per cent in April 2010 versus the same month in 2009, marking the fourth consecutive month of revenue growth. “The April jump in passenger revenue is a positive sign, and one showing that the US industry is recovering gradually from last year’s severely depressed levels,†said ATA president and CEO James C. May. US airlines saw cargo traffic, as … [Read more...] about Positive revenue growth for US carriers
Atlas Air posts US$23.4 million Q1 profit
Atlas Air Worldwide Holdings Inc. has reported a first-quarter profit of US$23.4 million this week, improving upon the same period last year when it posted a loss of $5.3 million. Revenue fell 34.4 per cent to $244.5 million, from $373 million a year ago, in large part due to Atlas selling a 49 per cent stake in its Polar Air Cargo unit. The carrier said global air freight traffic remains weak, but "appears to be showing signs of bottoming." With lower capacity in the industry, "any improvement … [Read more...] about Atlas Air posts US$23.4 million Q1 profit
