Add to Favorite
Magazine 
Magazine
Retail resilient as BAA profits fallRetail resilient as BAA profits fall
30-Jul-2002
BAA today announced a 5% fall in pre-tax profits for the first quarter to June 2002
But retail continued to prove resilient, said the group, with net retail income up 1.6% to £126m ($197m) and net retail income per passenger up 3.9% to £3.96 ($6.18).Overall, profits were £143m ($223m), and BAA put the decrease down to falling traffic, added security costs and an increase in borrowings.
World Duty Free Europe revenue for the period was unchanged at £86m ($134m) and operating profit from UK airports was £5m ($7.8m), the same as last year.
BAA said a range of factors, from stock market turmoil to global security concerns, were impacting its business, but said it had adapted well with new marketing initiatives and better management of space.
In the three months to June, passenger traffic at BAA airports fell to 32m, down 1.7%.
Bookmark This Article
•
•
•
•
Delicious
Digg
StumbleUpon
FacebookYour Comments On This Article
Related Stories
Articles bearing the symbol 
require subscription.
(1-Jul-2002) - UK. BAA has announced a 5% fall in pre-tax profits for the first quarter to June 2002. But retail continued to prove resilient, said the group, with net retail income up 1.6% to £126m ($197m) and net retail income per passenger up 3.9% to £3.96 ($6.18). Overall profits amounted to £143m ($223m). BAA attributed the decrease in profits to falling traffic, added security costs and increased borrowing.
(28-Feb-2003) - Aldeasa, the Madrid-based duty-free and travel-retail operator, has announced 2002 net profits of ?22.1m ($24m), down 12.4 % on the previous 12 months
(11-Nov-2003) - BA has announced a fall in pre-tax profits for the second quarter, but said revenues had now stabilised.
(26-Apr-2004) - The retailer posts improved profits despite a slight dip in sales over 2003
(1-Feb-2003) - By John GallagherSPAIN. Aldeasa, the Madrid-based duty-free and travel-retail operator, has announced net profits for 2002 of E22.1m ($24m), down 12.4 % on the previous 12 months.