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British Airways profits drop

London, UK - The fall is posted at 57%

British Airways reported a 57% to GBP 60m fall in first half profit, a figure more than five times lower to that of 310 million of the past year. The profit per share has came down from 17,8 to 3,3 pence GBP. Among the causes of the fall there were the rising fuel costs and the wildcat strike. The company made serious efforts to boost demand: it cut prices and more than 12,000 jobs (it will reach...

AVIONEWS - World Aeronautical Press Agency - 54799

AVIONEWS - World Aeronautical Press Agency
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