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The Irish Times (Free subscription) | yesterday
BRITISH AIRWAYS has signalled business is stabilising, eclipsing news of a worse than expected first-half loss and a prediction that revenue will slump by £1 billion (€1.12 billion) this year.
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The Independent (Free subscription) | yesterday
"We'll take more care of you," the British Airways slogan used to run. "Fly the flag." These days, within Europe, many more of us fly the harp (Ryanair) or the orange splodge (easyJet). BA's chief executive, Willie Walsh, has many burdens to shoulder, from strike-prone cabin crew to a ballooning pension deficit. But at the core of BA's startling loss of £16.50 for every passenger...
7Vote!
The Daily Record (Free subscription) | yesterday
BRITISH AIRWAYS are axing another 1200 workers after they announced record losses yesterday.
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Financial Times (Free subscription) | 06/11/2009
The troubled carrier has delayed delivery of its Airbus A380 superjumbos and confirmed it had reduced its overall staff positions by 10 per cent but but a merger or alliance is still crucial
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The Sagely Wisdom of a British Eccentric (Free subscription) | 06/11/2009
Poor Rachel Elnaugh. For years she seems to have lost it; from the days since she was a Dragon in Dragon's Den, through endless self justification & attacking her detractors, down to posting the most appalling bollocks on her website, she's now resorted to the very lowest form of attack. One common among those right wing metropolitan types. Sneering at those outside of London. She does it here...
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The Telegraph (Free subscription) | 06/11/2009
The chief executive of British Airways said union strike threats would not deflect him from further cost cuts as he unveiled record halfyear losses.
3Vote!
France24 (Free subscription) | 06/11/2009
British Airways revealed a quadrupling of net losses in its first half on Friday, and axed an extra 1,200 jobs in an "essential" cost-reduction programme. BA posted a loss after tax of 217 million pounds (242 million euros, 361 million dollars) during the six months to September 30 compared with a loss of 49 million pounds during the equivalent period in 2008. "Aviation remains in recession,"...
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Reuters UK (Free subscription) | 06/11/2009
LONDON (Reuters) - British Airways signalled business is stabilising, eclipsing news of a worse than expected first half loss and a prediction that revenue would slump by 1 billion pounds this year.
7Vote!
Finance Markets (Free subscription) | 06/11/2009
Struggling airline British Airways (BA) today posted a record first-half pre-tax loss of £292 million for the six months to 30 September. Following its results, the airline said it is planning 1,200 job cuts, which will take its total to almost 5,000 by the end of March. According to BA’s chief executive, Willie Walsh, “These are very [...]
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The Guardian (Free subscription) | 06/11/2009
'We should be sitting down and talking,' said BA's Willie Walsh British Airways boss Willie Walsh has urged passengers to make Christmas bookings with the airline - despite the growing threat of a crippling cabin crew strike during the festive season. Walsh said trade union warnings of industrial action were premature and the airline was still prepared to hold discussions despite the carrier's largest...
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24/7 Wall St. (Free subscription) | 06/11/2009
By Douglas A. McIntyre British Airways lost $485 million for the six months that ended in September. The airline’s CEO Willie Walsh told the BBC that this has been the “most difficult year in the history of British Airways”. BA is planning to cut 3,000 more workers in an attempt to return to profitability, but the [...]
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The First Post (Free subscription) | 06/11/2009
British Airways has not escaped the economic turbulence affecting airlines worldwide. Yesterday it announced a pre-tax loss of £292m for the six months to the end of…
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Finance Markets (Free subscription) | 06/11/2009
Struggling airline British Airways (BA) has today posted a first-half pre-tax loss of £292 million for the six months to 30 September. The airline admitted during the summer it was fighting to survive and has since been looking at ways to cut costs. It is struggling to stay afloat during the global economic downturn which has led [...]