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British Airways forecasts losses until 2011

London, UK - Difficulties predicted for the next fiscal year also due to slower air traffic

British national air company announced today to expect strong losses also for the next fiscal year. They don't forecast any sign of recover until 2011 at least. The carrier let know in a presentation to investors to be expecting a loss close to this year's 150 million Euros. Predicting a 5% revenue loss British Airways will try to save up to 220 million from cuttings to non-fuel-related costs, such...

AVIONEWS - World Aeronautical Press Agency - 1100715

AVIONEWS - World Aeronautical Press Agency
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