That’s right – hold the presses… British Airways has actually made a profit for the first time in two years!
A half-year profit of £158m, has been achived, in spite of the cabin crew strikes and the annoying effects of the ash cloud. This is in tandem with Iberia also reporting a profit of £46m
Revenues increases have pointed to with cargo doing excellent trade, and costs down by a reported 1.5%.
This marks a good turnaround from the high losses of £292m that were made during 2009 during the same period.
It has emerged also that British Airways and Iberia will merge on 21 January to form International Airlines Group. As reported before, both national airline identities will remain intact.
BA’s Willie Walsh also went on the box this morning with all full on attack on APD (Air Passenger Duty) that is sadly due to go into effect on the 1st November – see http://www.ghettoife.com/2009/07/barking-up-wrong-horse-air-passenger.html (and I’ll do a quick review of it again this weekend).
Well it’s good to see BA finally back in the black. But someone else had made a few pennies…
