Menu
29/10/2010
BA Profits Take Off
After a turbulent journey, British Airways has reported pre-tax profits up to £158m.
The new results reflect the six months to the end of September and are the airline's first half-year surplus for two years.
The airline reported a loss of up to £292m last year but improvements and a reduction in non-fuel costs has nurtured growth in profits.
The figure is more than double the £73m expected by analysts and takes into account flight disruption caused by the Icelandic ash cloud and crew strikes.
Willie Walsh, BA's chief Executive said: "Our focus on permanent structural change will continue.
"This summer we agreed a new productivity deal with our Heathrow terminal-based staff that will provide a more flexible, cost-efficient and customer focused ground operation.
"In addition, the first of the cabin crew recruited on new terms and conditions have completed training and start flying on Monday."
His comments come after a recent criticism on Air Passenger Duty plans, which he says will cost BA an extra £100m in taxes.
BA are currently planning a merger with Spanish airline Iberia in January.
(BMcN/GK)
The new results reflect the six months to the end of September and are the airline's first half-year surplus for two years.
The airline reported a loss of up to £292m last year but improvements and a reduction in non-fuel costs has nurtured growth in profits.
The figure is more than double the £73m expected by analysts and takes into account flight disruption caused by the Icelandic ash cloud and crew strikes.
Willie Walsh, BA's chief Executive said: "Our focus on permanent structural change will continue.
"This summer we agreed a new productivity deal with our Heathrow terminal-based staff that will provide a more flexible, cost-efficient and customer focused ground operation.
"In addition, the first of the cabin crew recruited on new terms and conditions have completed training and start flying on Monday."
His comments come after a recent criticism on Air Passenger Duty plans, which he says will cost BA an extra £100m in taxes.
BA are currently planning a merger with Spanish airline Iberia in January.
(BMcN/GK)
Related UK National News Stories
Click here for the latest headlines.
07 January 2004
Talks continue over controversial sky marshals plan
The British Airline Pilots’ Association (Balpa) has urged the adoption of a 'Gold Standard' for the armed sky marshals on UK flights, a move that would give the pilot responsibility as to how the marshal is deployed.
Talks continue over controversial sky marshals plan
The British Airline Pilots’ Association (Balpa) has urged the adoption of a 'Gold Standard' for the armed sky marshals on UK flights, a move that would give the pilot responsibility as to how the marshal is deployed.
07 November 2008
BA Announces Profits Slump During 'Bleakest' Six Months
British Airways have announced a 91.6% drop in its half year profits in a period which has been described as "one of the bleakest on record". Pre-tax profits of £52 million plummeted from £616 million last year in the six months to September 30. The Heathrow-based airline carrier revealed the massive drops were a result of the surge in oil prices.
BA Announces Profits Slump During 'Bleakest' Six Months
British Airways have announced a 91.6% drop in its half year profits in a period which has been described as "one of the bleakest on record". Pre-tax profits of £52 million plummeted from £616 million last year in the six months to September 30. The Heathrow-based airline carrier revealed the massive drops were a result of the surge in oil prices.
01 November 2010
Jet Threat Security Warning Issued
Security experts have said that a hasty 'knee-jerk reaction' would not prevent future attacks on planes. The statement comes after a parcel bomb was allowed onto a freight plane at the UK's East Midlands Airport.
Jet Threat Security Warning Issued
Security experts have said that a hasty 'knee-jerk reaction' would not prevent future attacks on planes. The statement comes after a parcel bomb was allowed onto a freight plane at the UK's East Midlands Airport.
07 October 2009
Cuts Loom As Airline Losses Soar
Airlines are going into freefall - if today's double jobs threats are cleared for take off. Unions representing British Airways cabin crew are planning an emergency meeting after the airline said it would cut 1,700 jobs and freeze pay.
Cuts Loom As Airline Losses Soar
Airlines are going into freefall - if today's double jobs threats are cleared for take off. Unions representing British Airways cabin crew are planning an emergency meeting after the airline said it would cut 1,700 jobs and freeze pay.
12 February 2004
easyJet confirms seven new routes to expanded Europe
As part an expansion programme, low-budget airline easyJet have announced seven new routes, three of which are completely new European destinations. The routes announced today by easyJet are: London Stansted to Basel and Ljubljana International; London Luton to Budapest International; London Gatwick to Naples, Ibiza, Faro and Prague.
easyJet confirms seven new routes to expanded Europe
As part an expansion programme, low-budget airline easyJet have announced seven new routes, three of which are completely new European destinations. The routes announced today by easyJet are: London Stansted to Basel and Ljubljana International; London Luton to Budapest International; London Gatwick to Naples, Ibiza, Faro and Prague.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
