Financial markets turmoil hitting BA
Long haul business travel is suffering due to ‘increased anxiety’ in financial markets, according to British Airways.
The airline, describing trading conditions as continuing to be “challengingâ€, said long haul premium traffic had softened after the summer.
“Forward bookings are being affected by the increased anxiety in financial markets and by the uncertain economic outlook,†the airline said.
“Revenue forecasts for the year carry some risk, although current good yields and the stronger dollar are broadly offsetting the volume impact. Cost initiatives continue in an effort to offset revenue risk.â€
BA’s fuel costs are still expected to be around £3 billion for the year.
“The target continues to be for the business to break even at the operating level,†the airline said while reporting September traffic figures.
These showed traffic down by 4.8%, with the passenger lad factor dropping by 4.3 points to 74% over the same time last year.
Premium carryings suffered the worst, down by 8.6% while the airline saw a 4.1% fall in economy.
by Phil DaviesÂ
Â
Phil Davies
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025