Turbulent Times for Ba After Losses of Gbp148m Chief in Trading Warning
Linked as:
Summary
BRITISH Airways yesterday reported a pre-tax loss of GBP148m in the three months to the end of June and chief executive Willie Walsh said trading conditions remained "very challenging" with "no visible signs of improvement".
This compares with a profit of GBP37m in the same period last year. Its operating loss of GBP94m compares with a profit of GBP35m last year. It is the first time the airline has ever made a loss in the April-June period. The company also recently raised about GBP600m to shore up its balance sheet.See the full content of this document
Extract
Turbulent Times for Ba After Losses of Gbp148m Chief in Trading Warning
The British flag carrier's losses come in the middle of a tough year for airlines as passengers scale back spending in the recession.
Walsh said there was a glimmer of hope for...See the full content of this document
Sponsored links
