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Article: Eddington signs off from duty as BA's takings soar.
- Article from:
- Daily Mail (London)
- Article date:
- August 6, 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)
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Byline: JAMES QUINN
SIR Rod Eddington's final flypast saw the British Airways boss unveil a 65pc rise in profits despite the everincreasing costs of jet fuel.
Profits at the airline soared [pounds sterling]49m to [pounds sterling]124m in the quarter to June as departing Eddington said the bill for keeping its fleet airborne increased [pounds sterling]97m to [pounds sterling]355m.
BA will now spend [pounds sterling]525m more on fuel than it paid last year - meaning the tab will top [pounds sterling]1.6bn by the end of March.
Eddington says BA 'will have to keep an eye' on spiralling fuel costs, which track crude oil prices.
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