British Airways predicts another bumper summer

Continued demand from holidaymakers and tech executives driving recovery in business travel is boosting airline revenues despite weakness in Asia

May 13, 2024

The airline said demand for travel « remains strong » and predicted it would fly more passengers this summer than last year. Passenger capacity would increase by 7 per cent this year compared with 2023.

Key takeaways

• BA saw a 25 per cent year-on-year increase in revenue from customers in the technology sector, which was one of the weakest last year;
• However, it said corporate travel in the banking, finance and pharmaceutical sectors still « lagged behind » other sectors in the quarter;
• Lufthansa and Air France-KLM also recently predicted another record summer as travellers shrug off geopolitical fears and a weak economic backdrop.

Get the full story at the Financial Times