Summary
BRITISH Airways beat second-quarter profit forecasts yesterday following deep cost-cutting, but the company warned that high fuel costs and swingeing fare competition will continue to weigh on its performance.
Europe's second-biggest airline posted a pre-tax surplus of (pounds) 220m for the July to September period - up from (pounds) 105m in 2003, when demand was hit by both the Iraq War and the Sars virus outbreak in Asia. The upturn helped push first-half profits up to (pounds) 335m from (pounds) 60m last time.See the full content of this document
Extract
Eddington Sees Turbulent Winter in Prospect for Ba
Revenues for the three-month period were slightly behind forecasts at (pounds) 2.03bn,...
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