|
|
Article: BA makes history with profits record; Airline is first to retain title of top earner Eddington's [pounds sterling]525m legacy ..
- Article from:
- The Mail on Sunday (London, England)
- Article date:
- March 13, 2005
CopyrightCOPYRIGHT 2005 Solo Syndication Limited. 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)
|
Byline: TOM MCGHIE
BRITISH Airways is about to stun the industry by becoming the world's most profitable airline for an unprecedented second successive year.
The company will report operating profits of more than [pounds sterling]525 million for the year ending March 31 when it announces final results in May. Last year, the operating surplus was only [pounds sterling]405 million.
The financial triumph in the face of huge fuel price rises and ruthless competition from subsidised rival American carriers will form a remarkable legacy from Rod Eddington, the carrier's departing Australian chief executive.
When he arrived in 2000, morale ...