British Airways Reports First Quarterly Profit in Two Years

Before you go, we thought you'd like these...
Before you go close icon
British Airways (BAIRY) posted its first quarterly profit in two years thanks to higher ticket prices.

The company reported earnings of 229 million pounds ($365 million) for the quarter ended Sept. 30, compared with a loss of 111 million pounds a year earlier, according to Bloomberg News.

Sales rose 18% to 2.51 billion pounds.

Sponsored Links
British Airways said that yields – a measure of fares – rose 20% in the second quarter.

"This is a cyclical recovery par excellence, driven by a phenomenal growth in yields," Douglas McNeill, an analyst at Charles Stanley, told Bloomberg News. "The question now is how long that can be sustained. Capacity is going to grow and that will limit further price improvements."

Still, British Airways warned that the economic environment "continues to be subject to uncertainty," and did not comment on its full-year earnings target.
Read Full Story

Markets

S&P 500 2,358.57 16.98 0.73%
DJIA 20,701.50 150.52 0.73%
NASDAQ 5,875.14 34.77 0.60%
DAX 12,149.42 153.35 1.28%
NIKKEI 225 19,195.17 -7.70 -0.04%
HANG SENG 24,470.66 124.79 0.51%
USD (per EUR) 1.08 0.00 0.03%
USD (per CHF) 0.99 0.00 -0.02%
JPY (per USD) 111.12 -0.11 -0.09%
GBP (per USD) 1.24 0.00 -0.12%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners