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21

BA Having Trouble Rebounding

British Airways has said that May passenger traffic fell by 10.2 percent as...

British Airways has said that May passenger traffic fell by 10.2 percent as Europe's biggest airline struggled to match its rivals' recovery after the September 11th hijackings in the USA.

The number of passengers flying on British Airways fell by 8.4 percent to 3.14 million, British Airways said in a statement on the Regulatory News Service. Seating capacity was cut by 12.9 percent from a year ago. Traffic in April fell 10.8 percent.

British Airways has a larger percentage of traffic than rivals on trans Atlantic routes, where demand has fallen the most after the September 11th attacks. Its traffic is not expected to grow until September, analysts have said. KLM Royal Dutch Airlines, Europe's fourth largest carrier, said Wednesday that May traffic fell by seven percent, slowing from an eleven percent drop in April.

?The figures are disappointing,? said Jonathan Wober, an analyst at Deutsche Bank, ?I was expecting a similar improvement to KLM.?

Author: Neftegaz.ru