Earnings season is in full swing at the moment, with British Airways and Virgin Atlantic releasing their numbers today.
And for both, neither is good reading.
BA reported a pre-tax loss of £164m, larger than the £148m loss it made in the same period last year, whilst Virgin Atlantic announced a pre-tax operating loss of £132m in the 12 months to February.
BA of course has been through strike actions and Volcano’s, whilst Virgin Atlantic has just suffered volcano fun.
Again, both airlines are recovering from the downturn, but there will be challenges ahead for both if a double dip recession comes about…
More at http://www.bbc.co.uk/news/business-10813680
