You are here: Home - Uncategorized -

BA profits take off on more expensive tickets

0
Written by:
19/05/2006

British Airways (BA) has reported a 21% increase in pre-tax profit over the previous year by selling more expensive tickets to more passengers in the year to 31st March. Pre-tax profit was £620m on sales of £8.52bn.

The company said that its short-haul operation is back in profit after 10 years, attributing the recovery to cost cutting and more efficient working practices.

And confronted with increasing competition, BA has increased the routes it flies and raised ticket prices.

“There are still issues at BA with its £2.07bn pension deficit and chief executive Willie Walsh has said that he will address this problem robustly in the near future,” said aviation analyst George Dobie.

“However, these are good results and management has delivered on its promises to reward shareholders with improvements,” he concluded.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
HIPs ‘should be voluntary’ say building society bigwigs

Around 80% of building society chiefs reckon the Government’s Home Information Packs (HIPs) will have a negative impact on the...

Close