British Air cuts capacity-growth forecast

Article Abstract:

British Airways, anticipating a slowdown in the British economy, has reduced its predicted capacity growth for 1999 to 2%, a sharp drop from the earlier projection of 8% to 9%. The airline, which has already changed its orders for Boeing 747-400s to the smaller Boeing 777s in preparation for the coming year, also reported pretax earnings of 385 million pounds sterling for the first half of its current fiscal year that ended Sep. 30, 1998. British Airways posted total revenues of 4.73 billion pounds sterling for the first six months of the current fiscal year.

Comment:

Has reduced its predicted capacity growth for 1999 to 2%, a sharp drop from the earlier projection of 8% to 9%

Financial analysis

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British Airways plans to overhaul its fleet

Article Abstract:

British Airways plans to overhaul its fleet. To provide more point-to-point service, the airline plans to reduce capacity on long-haul routes by shifting toward smaller widebody aircraft, such as the Boeing 777. The airline also plans to concentrate an upgraded short-haul fleet toward profitable European routes and away from the long-haul feeder traffic to London. The airline's move is part of its preparation in response to airline deregulation. The company's moves will be announced together with a major order for widebody and single-aisle planes.

Comment:

Plans to overhaul its fleet

Facilities & equipment

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