BA looking for revenue increase in current and next FYs

Full article by ATWonline

British Airways said it has learned its lesson and will never cry victory again, yet it hopes it has reversed the trend of falling revenues.

It expects its turnover to increase 3%-3.5% in the current financial year to March 31 and 3%-4% in FY06 following four successive years of declines. Revenues fell 20% from just over £9 billion ($17.3 million) in FY01 to about £7.5 billion in FY04.

“We continue to see the modest gradual recovery of revenue that we’ve seen this year,” CFO John Rishton said at the BA Investor Day last week. He added that load factors will continue to be “strong,” while yields will stabilize. “At some point we expect to get back some pricing power, but we are not seeing that yet,” he noted.

Interesting little read.