In 2008-09, British Airways made a loss of £401 million, that was compounded by a loss of £531 million in 2009-10.
That is a loss of £932 million over two years up to April 2010.
A loss of £932,000,000 (that is £1,270,000 pounds a day)
So the results for 2010-11 may show a profit of approx £200 million
We are now £700 million down on the last three years trading, and we also need to fund more efficient aircraft, pension deficit, shareholder dividend...the list goes on.
You don't need to look at the books, we will need to manage costs for many years to come to remain in this game and if there are individuals that can't agree with this outlook than I would be interested to know where I am mistaken.