British Airways appears to be doing “better” after a £50 million pre-tax loss.
Excuse me, but if they’ve lost £50 million down the sofa, please send me their sofas. That’s still a lot of cash to loose. However, this down from the £122m lost the same time last year.
BA has managed to reduce operating costs, whilst working on the pension blackhole that exists, however – massive losses are still expected for the end of year figures.
Passenger revenue was down 13.0 per cent, on capacity down 3.9 per cent. Yields were down 11.1 per cent. Cargo was also down too.
However, BA has serious issues with its workers – and the oncoming storm of a BA Strike cannot be ignored….
