BA To Post Record Losses Despite Cuts | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 06.22.17

Airborne 06.19.17

Airborne 06.20.17

Airborne 06.21.17

Airborne 06.22.17

Airborne 06.23.17

Airborne-Unmanned 06.20.17

Airborne-YouTube

AMA 06.22.17

Airborne 06.19.17

Airborne 06.20.17

Airborne 06.21.17

Airborne 06.22.17

Airborne 06.23.17

Airborne-Unmanned 06.20.17

XPONENTIAL Innovation Preview -- www.allthingsunmanned.com

Sun, Feb 07, 2010

BA To Post Record Losses Despite Cuts

Not Enough Savings For Current Fiscal Year

British Airways (BA) announced Friday that their cost-cutting measures will not save the airline from posting a record loss at the end of their fiscal year in March.  BA reported that their 10.5% cut in operating costs was overshadowed by a 12.9% fall in revenue during the past nine months.

The airline reported an operating of loss of $135 million, compared to a profit of $139 million a last year.  BA also reported that premium traffic volume dropped by 9.7% including 2.1% in January alone. The losses were still better than financial forecasters had predicted.

"While we are on the right track, we still expect to make record losses this year," said Chief Executive Willie Walsh. "Permanent structural change is being introduced in all areas and will return us to sustained profitability."

BA is currently facing a potential strike by cabin crew, a pension deficit, stiff competition, and fluctuating fuel costs.  As ANN reported earlier, the airline has been in a dispute with cabin crew over issues including frozen wages, job cuts and crew downsizing.  The Unite union has called for a strike and is currengly engaging BA in a court battle over new schedules for crew members.

In November BA announced their intent to merge with Spain's Iberia airline and proposed a joint venture with American Airlines.  Both of these moves are seen as having potential to increase revenues the airlines as a group.

FMI: www.ba.com

Advertisement

More News

Airborne-Unmanned 06.20.17: UAS Orgs v Bad Regs, Anti-Collision, Drone Race $$

Also: Solar-Powered UAS, NK Drone, UAS Survey, Brian Wynne Interview The team at AUVSI is staying plenty busy as they and 13 other organizations authored a letter to members of Con>[...]

AMA Drone Report 06.22.17: FAA Reauthorization, Rotor Riot Int'l, DRL on ESPN

Also: Drones at Oshkosh!, Drone Regulatory Effort, AMA Drone Report-Help Wanted, Aero-TV: MultiGP Drone Racing The House of Representatives has published initial language to reauth>[...]

Airborne 06.23.17: Airbus 'Racer', RANS 'Fly To Work', Boater v Floatplane

Also: House ATC Bill, Golda Cox, Boeing Forecast, Concorde Battery, C-130J-SOF, SpiceJet, Flt School Closure Airbus Helicopters has unveiled their ‘Racer’ -- which stan>[...]

Airborne 06.22.17: GA v House ATC Bill, 737 MAX 10, Solar Impulse 2 Anniversary

Also: ATC Opposition, Want to Be An Aero-Stringer?, CAP's Next CEO, Hypersonic Jet, Spring Airlines, Leonardo, 505 Jet Ranger X Following Wednesday’s release of the language >[...]

Airborne 06.23.17: Airbus 'Racer', RANS 'Fly To Work', Boater v Floatplane

Also: House ATC Bill, Golda Cox, Boeing Forecast, Concorde Battery, C-130J-SOF, SpiceJet, Flt School Closure Airbus Helicopters has unveiled their ‘Racer’ -- which stan>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC