BA reports sharp fall in profits
British Airways reported a sharp fall in profits after the airline was hit by rising fuel costs and the the impact of the economic crisis.
Chief executive Willie Walsh described the half-year period as "one of the bleakest on record", but said the airline produced a good performance given the difficult trading conditions.
Pre-tax profits of £52 million were down from £616 million a year earlier after fuel costs increased by £511 million to £1.49 billion.
Share
