Half-year Cargo revenues rise to £292 million (10/11/2000)

British Airways World Cargo has reported revenues for the six months ended September 30, 2000 of £292 million, 8.6 per cent higher than a year ago.

Scheduled cargo revenues for the second quarter rose nearly five per cent to £152 million boosted by some year-on-year yield improvements, increased freight volume, additional wet leased freighter services and exchange rate benefits.

During the three months ended September 30, the volume of cargo carried by the airline across its international network gained over six per cent to 235,000 tonnes. For the first six months of the financial year, total freight, mail and courier traffic was nearly 10 per cent higher at 467,000 tonnes.

Gareth Kirkwood, Managing Director of British Airways World Cargo, said: "In the second quarter we have consistently outperformed the overall average growth in the international market. We have seen particular improvements over the North Atlantic and to Asia and Australasia."

"The strong performance of our new Heathrow cargo centre for intact freight has clearly boosted volume. Our challenge in the second half of the year is to successfully migrate loose freight into the new building and start delivering the same high quality of service for this higher-yield part of our business."