Air Transport World

BA plans major capacity cut.(Statistical Data Included)

British Airways will reduce capacity by up to 12% over the coming three years in a radical effort to halt its profit slide, CEO Robert Ayling announced in London. Ayling reported first-quarter operating profits down 45.6% to [pounds]94 million, and analysts reduced their forecasts for BA's 1999-2000 result to breakeven from [pounds]225 million profit in 1998-99.

Most of the capacity squeeze will come from a reduction in the number of economy seats, replacement of 747s with 777s and cutting of unproductive routes. BA also confirmed that it is in the market for smaller aircraft to replace its intra-European 757 fleet.

First-quarter net of [pounds]177 million ($296 million) was up 43. …

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