ba financial report
BRITISH AIRWAYS SIX MONTH RESULTS 1 January 2023 30 June 2023
British Airways Plc (‘BA’ or the ‘Group’) presents its consolidated results for the six month period ended 30 June 2023 Period results summary • Total revenue of £6716 million (2022: £4443 million) up 51 per cent from last year • Operating profit before exceptional items of £528 million (2022: loss of £367 million1) |
Why did BA cancel so many flights over the summer?
BA was forced to cancel thousands of flights over the summer due to labour shortages, especially at its main Heathrow hub. Photograph: Adrian Dennis/AFP/Getty Images International Airlines Group has announced record profits for the first half of 2023, with air fares up almost 10% on last year.
Why did BA scale back its operations?
BA was then forced to scale back its operations to control disruption during last year’s recovery, as the industry faced a staffing shortage. The airline reported an operating profit of €303mn last year — less than Iberia — compared with €1.9bn in 2019.
What is BA euroflyer?
BA Euroflyer operates in a similar manner to the company’s existing subsidiary, BA Cityflyer, flying under the British Airways brand and offering the same premium product that customers know and enjoy on British Airways mainline services.
Is BA a better place than last year?
The BA chief executive, Sean Doyle, said the airline was much more resilient than it was last year and had “navigated through to the end of July, I think at a much better place”.
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