Thursday, 28 July 2011

Red day for BAA

BAA have reported a pre-tax loss of £249 million in the six months to June.

It is however a £30 million improvement on last year.This has been assisted by record passenger numbers at Heathrow in April and June with 9.1% more passengers in comparison with the first half of 2010. The passenger numbers at Stansted fell by 0.2% year on year.

The reason for growth at Heathrow Airport is two fold. European  scheduled traffic has increased and there has been a significant improvement in North Atlantic traffic following the merged services of British Airway and American Airlines.

Chief Executive of BAA, Colin Matthews, sees the figures as generally positive:“This is a strong financial performance.” He added: “Heathrow has achieved some of its best-ever levels of flight punctuality and baggage delivery.”

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