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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)
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
