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Article: British Airways has 9-month loss of 127M pounds
- Article from:
- AP Worldstream
- Article date:
- February 6, 2009
- Author:
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British Airways said Friday it swung to a net loss of 127 million pounds ($186 million) for the nine months ending Dec. 31, as fewer passengers boarded its planes amid the economic crisis and fuel costs soared.
The loss compared to a profit of 642 million pounds in the same period of 2007.
BA said its fuel costs were up 48.4 percent to 2.2 billion pounds in the period. A 6.2 percent revenue gain _ to 7.05 billion pounds _ came from currency fluctuations which offset lower passenger volume.
BA did not break out results for the most recent October-December quarter, its fiscal third.
The figures did not surprise investors, as they were largely in line with BA's own ...