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BA cautious over market conditions
Tuesday, 07 May, 2004
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British Airways admitted market conditions “remained unchanged” while releasing April traffic and capacity figures.
Traffic last month grew by 16% over April 2003, while capacity rose by 6.7%. Premium traffic was up by 28% and economy by 14.5%.
But the airline said comparisons with last year need to take into account the fact that last year’s figures were affected by the Iraq war and SARS when first and business class traffic plunged by as much as 25% in March and April.
BA said: “Market conditions are unchanged. Long haul premium volumes continue above last year’s levels and short haul premium remains weak. Non-premium traffic volumes remain very sensitive to yield.”
Report by Phil Davies
Phil Davies
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