Menu
02/02/2007
BA reports fall in profits
British Airways has reported a fall in profits in the third quarter.
Pre-tax profits for the three-month period until the end of December dropped to £113 million from £166 million in the same period the year before.
The announcement comes in the same week that a threatened strike by cabin crew over sick leave, pay and conditions was called off. However, many passengers had already made alternative arrangements by this time and BA estimated that it would lose around £80 million because of the dispute.
Other factors, including severe fog before Christmas, which resulted in cancelled flights, and the failure of the baggage system at Terminal 4 in Heathrow twice in December, also cost the airline £40 million during the same period.
BA Chief Executive Willie Walsh said: "The patience and loyalty of our customers has been tested and I want to apologise for the inconvenience they have suffered during this period."
(KMcA)
Pre-tax profits for the three-month period until the end of December dropped to £113 million from £166 million in the same period the year before.
The announcement comes in the same week that a threatened strike by cabin crew over sick leave, pay and conditions was called off. However, many passengers had already made alternative arrangements by this time and BA estimated that it would lose around £80 million because of the dispute.
Other factors, including severe fog before Christmas, which resulted in cancelled flights, and the failure of the baggage system at Terminal 4 in Heathrow twice in December, also cost the airline £40 million during the same period.
BA Chief Executive Willie Walsh said: "The patience and loyalty of our customers has been tested and I want to apologise for the inconvenience they have suffered during this period."
(KMcA)
Related UK National News Stories
Click here for the latest headlines.
05 August 2005
BA profits rise on improving outlook
British Airways (BA) has today reported a rise in operating profit in the first quarter of the company's trading year. BA reported a £176 million operating profit up from £129 million in the same period last year. The airline reported a rise in pre-tax profit of £124 million (2004, £75 million profit) for the first quarter to June 30, 2005.
BA profits rise on improving outlook
British Airways (BA) has today reported a rise in operating profit in the first quarter of the company's trading year. BA reported a £176 million operating profit up from £129 million in the same period last year. The airline reported a rise in pre-tax profit of £124 million (2004, £75 million profit) for the first quarter to June 30, 2005.
17 May 2004
BA pre-tax profits soar by 70%
British Airways (BA) has today posted an annual pre-tax profit of £230 million – up £95 million, or 70%, on last year's mark. The operating profit for the full year to March 31 rose from £295 million to £405 million – of which the fourth quarter saw £32 million.
BA pre-tax profits soar by 70%
British Airways (BA) has today posted an annual pre-tax profit of £230 million – up £95 million, or 70%, on last year's mark. The operating profit for the full year to March 31 rose from £295 million to £405 million – of which the fourth quarter saw £32 million.
07 May 2003
Budget airline easyJet reports £47m loss
Europe's largest low-cost airline, easyJet, has announced a loss of £47 million in the six months up to March this year. However, the loss was reported despite record revenues of £373 million for the first half-year.
Budget airline easyJet reports £47m loss
Europe's largest low-cost airline, easyJet, has announced a loss of £47 million in the six months up to March this year. However, the loss was reported despite record revenues of £373 million for the first half-year.
29 August 2008
B&B Reports Massive Pre-Tax Losses
UK buy-to-let specialist Bradford & Bingley has reported massive pre-tax losses for the first half of this year. The company posted a loss of £26.7 million compared to a pre-tax profit of £180.4 million in the same period last year. Credit impairment charges for the six months rose to £74.6m up from £5.3m in the same period last year.
B&B Reports Massive Pre-Tax Losses
UK buy-to-let specialist Bradford & Bingley has reported massive pre-tax losses for the first half of this year. The company posted a loss of £26.7 million compared to a pre-tax profit of £180.4 million in the same period last year. Credit impairment charges for the six months rose to £74.6m up from £5.3m in the same period last year.
27 August 2008
Massive Profit Slump For Taylor Wimpey
Housebuilder Taylor Wimpey has reported that its first-half underlying profits have slumped 96% to £4.3 million, compared to £119.8 million in the same period last year. The London-based company said it has £1.
Massive Profit Slump For Taylor Wimpey
Housebuilder Taylor Wimpey has reported that its first-half underlying profits have slumped 96% to £4.3 million, compared to £119.8 million in the same period last year. The London-based company said it has £1.
-
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.
