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17

BA Announce $208 Million Full Year Loss

British Airways, which is the largest of all of the European airlines, posted a net...

British Airways, which is the largest of all of the European airlines, posted a net loss for the fiscal year ending March 31st, its second since shares were sold to the public in 1987, after the September 11th attacks cut demand for air travel.

The carrier had a net loss for the full year of 142 million pounds ($208 million). The figure was better than analyst estimates of a loss of 304 million pounds.

The September 11th attacks hurt the North Atlantic market worse than any other. British Airways relies more on trans Atlantic routes for profit than rival carriers.

Author: Neftegaz.ru