British Airways PLC has forecast its revenue will increase by 4-5 pct in the year to end-March 2007, driven by increased capacity and more passengers in its planes. The flag carrier said it is also on track to deliver its holy grail of a 10 pct operating margin in the year to March 2008, assuming fuel prices and the external environment are stable.
For the current year to the end of this month BA expects revenue growth of more than 8 pct.
At its annual Investor Day, the airline also tweaked its guidance on fuel costs. It now expects them to rise by 505-515 mln stg in the current year, compared to previous guidance of 525 mln stg. The bill is expected to rise by 400 mln stg in the following year.
Total costs, excluding fuel are forecast to be flat in the 2006/7 year, with increases offset by cost efficiencies.
BA expects its net debt by the end of this month to fall below 2 bln stg.
At the meeting the airline's new chief executive, Willie Walsh, also detailed plans to generate cost efficiencies of 450 mln stg by March 2008, when BA will move into its new operational home in Terminal 5 at Heathrow airport.
CAPA
For the current year to the end of this month BA expects revenue growth of more than 8 pct.
At its annual Investor Day, the airline also tweaked its guidance on fuel costs. It now expects them to rise by 505-515 mln stg in the current year, compared to previous guidance of 525 mln stg. The bill is expected to rise by 400 mln stg in the following year.
Total costs, excluding fuel are forecast to be flat in the 2006/7 year, with increases offset by cost efficiencies.
BA expects its net debt by the end of this month to fall below 2 bln stg.
At the meeting the airline's new chief executive, Willie Walsh, also detailed plans to generate cost efficiencies of 450 mln stg by March 2008, when BA will move into its new operational home in Terminal 5 at Heathrow airport.
CAPA
