British Airways said it has learned its lesson and will never cry victory again, yet it hopes it has reversed the trend of falling revenues. It expects its turnover to increase 3%-3.5% in the current financial year to March 31 and 3%-4% in FY06 following four successive years of declines. Revenues fell 20% from just over £9 billion ($17.3 million) in FY01 to about £7.5 billion in FY04. "We continue to see the modest gradual recovery of revenue that we've seen this year," CFO John ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.