PPRuNe Forums - View Single Post - British Airways - CC Industrial Relations Mk V
Old 30th Jan 2010, 09:14
  #3558 (permalink)  
Vortex what...ouch!
 
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I can't believe these people are still planning on industrial action. Barking!! Still there are plenty of other airline jobs for them to get when the company goes bust!!!

British Airways is heading more than £1 billion of losses during the steepest aviation recession to date.

The UK flag carrier will report deepening losses next week during the third quarter of its financial year — which includes Christmas. It is shaping up as the worst financial year in BA’s history, with losses as much as 50 per cent greater than last year.

The consensus forecast from City analysts for BA’s latest trading update, due next Friday, is that the airline will report losses of £151 million for the three months to the end of December, taking its losses to £443 million for nine months.

BA is in the middle of its final quarter, the difficult winter months, and analysts forecast further losses. Overall, for the 12 months to the end of March, the consensus is a loss of £602 million — more than £200 million more than the record £401 million reported for 2008-09. Moreover, after two years of struggle, several analysts expect further full-year losses in 2010-11.
British Airways heading for a £1bn loss - Times Online
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