Ba May Cut More Jobs Despite Major Profits Increase; City Cheered by Figures at Top End of Forecasts

The HeraldFebruary 10, 2004

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Summary


BRITISH Airways has confirmed that an aggressive cost-cutting programme helped it to a big improvement in third-quarter profits.

The airline, Europe's biggest, has already chopped almost 13,000 staff in the past two years and more job losses could yet be on the cards.

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Extract


Ba May Cut More Jobs Despite Major Profits Increase; City Cheered by Figures at Top End of Forecasts

BA unveiled pre-tax profits of (pounds) 125m for the last quarter of 2003 - at the top end of City forecasts - compared with ...

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