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BA predicts seven per cent operating margin
British Airways expects increased sales in the next financial year despite an economic slowdown.
The airline forecast that revenue will rise by as much as 4.5% to more than £9.1 billion in 2008-09.
But fuel costs are expected to be up by some £450 million to £2.5 billion, an increase of 20%.
Non-fuel costs are expected to rise by 3–3.5%. Total costs, excluding fuel, are forecast to be up £200 million.
As a result the carrier is forecasting an operating margin of about seven per cent for 2008/9.
Chief financial officer Keith Williams said as the airline held its annual investor day: “The outlook for next year is consistent with economic slowdown, the impact of increased fuel costs and one-off Terminal 5 transition costs, all of which analysts have already factored in to their expectations.â€
by Phil Davies
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