BA back in the black

first_img British Airways expects to deliver further growth in 2011 after posting its first profit in two years, helped by cost cutting and improved demand for premium class travel in the first half.BA, whose merger with Spain’s Iberia completes in January, on Friday reported a pretax profit of £158m for the six months to September 30 compared to a loss of £292m in the same period last year.The airline’s revenues grew 8.4 per cent to £4.44bn, while its yields – profitability per mile that a paying passenger travels – jumped 17.2 percent as businesses loosened the purse strings on their travel budgets.First and business-class travel – the most profitable part of BA’s passenger business – has increased steadily in recent months.Operating costs were cut by 1.5 per cent during the period.“While positive, the economic environment continues to be subject to uncertainty, to which the increase in Air Passenger Duty is unhelpful,” said BA’s Chief Executive Willie Walsh.“We continue to focus on managing our costs.”Global airlines have hiked their profit forecasts this year as the recession fades and traffic rises.IATA expects the industry to post a net profit of $8.9bn (£5.5 billion pounds), more than treble its previous forecast.BA last posted a profit in August 2008, prior to the financial crisis triggered by the collapse of Lehman Brothers. Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm BA back in the black Share Friday 29 October 2010 4:48 am center_img Show Comments ▼ John Dunne whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com whatsapplast_img

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