Well, in not entirely unexpected news, British Airways has made it’s announcement for it’s full year, and it not good.
Whilst not on Air France-KLM’s level, it’s still a hefty dent of £531 million. Losses for BA were blamed on lower passenger numbers, increased costs and strike action.
Whilst revenues were down £1 billion on the previous year, there have been cost savings of £990m – the major lump of it coming from lower fuel costs which mount up to £600m.
Oh yes. There’s a strike happening too on Monday, but we all know that….
