§ Mr. Bishopasked the Secretary of State for Trade and Industry what was the profit made by British Airways in 1972–73 in its first year of operation; and how this compares with the gross and net profit figures for the previous year's combined BOAC and BEA totals.
§ Mr. OnslowIn 1972–73 the British Airways Board's profit before interest, taxation and extraordinary items was £33.9 million; profit after interest, taxation and extraordinary items was £5.2 million. In 1971–72 the combined BOAC
450W
£ thousands (cif) 1970 3rd Quarter 1971 3rd Quarter 1972 3rd Quarter 1973 3rd Quarter Television receivers … … … … 1,917 4,480 11,215 30,929 Domestic or portable radio receivers, battery operated (including mains/battery operated) 1,777 3,280 3,950 6,352 Radiograms … … … … … 372 425 1,318 1,721 Domestic electric refrigerators … … … 2,386 3,120 3,496 7,160 Domestic electric washing machines … … 635 1,064 1,817 5,956 Note: Parts are excluded throughout. and BEA figure for profit before interest, taxation and extraordinary items was £13.2 million; after interest, taxation and extraordinary items there was a loss of £0.3 million.
§ Mr. Bishopasked the Secretary of State for Trade and Industry what amount British Airways has paid Her Majesty's Government on its public dividend capital; and what subsidies it receives from the Government.
§ Mr. OnslowThe British Airways Board made a payment of £4,375,000 in respect of the financial year 1972–73, its first year of operations. The Board receives no subsidy from the Government.