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BBA Aviation H1 revenues up 10.2%

StockMarketWire.com

BBA Aviation's trading performance remains in line with its expectations, with revenue up 10.2% year-on year for the ten months to October.

The group said this reflected good organic growth in Signature and the contribution from acquisitions.

In Flight Support, Signature revenues in the 10 months to 31 Oct grew 14.2% and on a like-for-like basis (organic, constant currency, adjusting for higher fuel prices) were up 3.8%.

A trading update said: 'US B&GA flight movements have grown 3.7% over the nine months to 30 Sep, with improved growth of 4.3% for the three months ended 30 Sep.

'Signature like-for-like revenue growth for the same three month period ended 30 Sep was 5.3%.

'The Signature outperformance during the three months ended 30 Sep in part reflects good progress with our commercial renegotiations for the enlarged network.'

The group said hurricanes Harvey, Irma and Maria caused minimal impact overall across the Signature network and we were able to re-establish services quickly and provide support for the rescue and relief efforts.



Story provided by StockMarketWire.com