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Article: British Airways beats profit forecasts, plans fuel surcharge on ticket prices.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 9, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Jim Armitage, Evening Standard, London Knight Ridder/Tribune Business News
Aug. 9--British Airways today beat analysts' profit forecasts and confirmed plans for an additional fuel surcharge on ticket prices in the hope of knocking UKpound 70 million off its bills.
Chief executive Rod Eddington said fuel and employee costs -- particularly its UKpound 133 million annual contribution to pensions -- were the company's biggest challenges. But investors will see those problems as a luxury, when compared to the previous year's war in Iraq and the Sars epidemic in Asia.
Pre-tax profits in the three months to the end of June were UKpound 115 ...
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