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British Airways: further cost reduction is necessary

London, UK - GBP111 million operating loss in the six months from April to September

British Airways (BA) today presented its interim management report for the six months from April to September 2009, reporting an operating loss of GBP111 million (€ 124 million), with a slump in revenues by 13,7% and a loss before tax of GBP292 million (€ 326 million). "Aviation remains in recession -BA's CEO, Willie Walsh stated- with IATA predicting that the industry will lose US$11 billion thi...

AVIONEWS - World Aeronautical Press Agency - 1111010
Rome, Italy, 11/06/2009 14:27
AVIONEWS - World Aeronautical Press Agency

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