And then BA will make another £900M, due to the new fuel prices and you will have to spend the next 15 years getting back to where you are today.
From the BBC -
"The most striking number in British Airways results for the past year was the £3bn it spent on fuel, which was 44.5% higher than in the previous year.
So for all the talk from Willie Walsh, BA's chief executive, that "the global downturn makes this the harshest trading environment we have ever faced", without the £900m jump in fuel costs the airline would have been very comfortably in profit: operating profits would have been around £700m."
"In fact the evidence of BA's revenues is not of a cataclysmic global recession. Passenger revenues rose 3.1% to £7.8bn and cargo revenues were 9.4% higher at £673m. Which is not boom boom, but nor is it financial disaster at 30,000 feet.
What actually caused BA's worst ever loss of £401m before tax and the suspension of the dividend was a lamentable rise in costs: engineering and "other" aircraft costs increased by £59m or 13.1%; landing fees were 14.2% or £75m higher. Even staff costs rose a bit.
So it's difficult to avoid the impression that at least part of BA's agony, its descent in just 12 months from record profits to record losses, was of its own making - though plainly there's a limit to what it can do to hedge itself against the near-collapse in the value of sterling (which pushes up the cost of fuel) and against the volatility in the dollar oil price.
The better news is that BA expects to pay rather less for fuel this year."
Staff cost rose a bit, which you imagine would happen after a record year.