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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
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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
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency