Friday, May 22, 2009

BA plunges to record £401m loss


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Financial Times
Breaking news
Friday May 22 2009

Breaking News
 
BA plunges to record £401m loss
British Airways plunged to a record loss in its last financial year to the end of March from a record profit a year earlier with a £1.3bn reversal in its fortunes, the worst slump in its history.

Willie Walsh, chief executive warned on Friday that the "prolonged nature of the global downturn makes this the harshest trading environment we have ever faced." He said there was "no immediate improvement visible."

http://link.ft.com/r/0QSDPP/2FAVH/Z6X5S/VD2VD/GCXE6/VU/h
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