BA shares up after traffic rise
An upbeat traffic report in September has pushed British Airways’ shares up 6.4%.
Shares rose 15.5p to 254.6p, their highest closing price since August 2008.
The airline reported that traffic in September was up 1.3% over the same month last year, with a 4.3% jump in premium traffic.
The news was welcome by the financial markets, even though total traffic for the year to date is still down 7.4% compared to last year due to the cabin crew strikes and the volcanic ash cloud disruption.
Later today BA launches a new transatlantic route alliance with Iberia and American Airlines.
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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