BA CityFlyer doubles full-year profits, revenues up 18%

posted on 10th September 2019 by Justin Burns
BA CityFlyer doubles full-year profits, revenues up 18%

British Airways’ regional BA CityFlyer operation doubled its pre-tax profit to £42.1 million ($52 million) for the last financial year.

The carrier’s revenues were up by 18 per cent to £278 million, according to accounts filed for the year to 31 December 2018, while operating profit increased 28 per cent to £36.6 million.

Operating mainly from London City Airport, the carrier has tweaked its route network in the last 12 months, increasing frequency to Milan, Zurich and Frankfurt, and new services to Rome.

The carrier said it is confident that operations will experience “no significant long-term impact” from the UK’s withdrawal from the European Union, even without a post-Brexit agreement.

CityFlyer has expanded its fleet further this year, to 19 Embraer 190s and six Embraer 170s.

The carrier’s operations are unaffected by the strike action that have affected BA yesterday and today (9-10 September).