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BA ‘on course for 10% operating margin’
Friday, 08 Mar, 2007
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British Airways is set to achieve a 10% operating margin in the year to March 2008.
This is despite the cost of fuel forecast to be up by around £100 million for the 2007-08 financial year.
Total costs, excluding fuel, are predicted to be up £50 million, according to estimates given by the airline at its annual investor day.
Revenue is forecast to increase by 5-6% based on capacity measured in available seat kilometers (ASKs) up 1.3%, traffic measured in revenue passenger kilometers (RPKs) up 2.4% and yield measured in pence per RPK up 3.4%.
“This will leave the company on track to achieve a 10% operating margin in the year to March 2008,” BA said.
by Phil Davies
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