British Airways Is a Profit Machine
Photo Credit: A British Airways and an easyJet aircraft at Barcelona airport. Skift
Skift Take
When the North Atlantic market is good, British Airways performs strongly. BA's spectacular numbers suggest something is going very right.
In this week's episode, Gordon and Jay discuss the latest financial results and operational strategies at British Airways. They delve into British Airways' impressive earnings, particularly in the North Atlantic market, and the implications of potential Heathrow expansion.
In part two, the conversation shifts to Qantas, highlighting its strong domestic performance and the challenges it faces in international markets. The episode concludes with insights into Qantas' ambitious Project Sunrise, aiming for nonstop flights from Sydney to both London and New York by 2027.
This episode is presented by Riyadh Air.
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Takeaways
- British Airways reported strong earnings, particularly in Q4.
- The North Atlantic market is crucial for British Airways' success.
- Around 30% of short-haul passengers connect to long-haul flights.
- Heathrow's expansion is a contentious issue for airlines.
- BA Holidays has become a significant profit center for British Airways.
- Qantas reported a solid operating margin in its latest results.
- The domestic market is a stronghold for Qantas, unlike some other airlines.
- Jetstar, Qantas' low-cost carrier, is experiencing tremendous demand.
- Qantas' international operations face increasing competition.
- Project Sunrise aims for nonstop flights to New York and London by 2027.