British Airways Hit by Pound(S)50m Loss

Summary


British Airways today reported a smaller-than-expected quarterly loss of pound(s)50 million - but warned it still faced a record annual shortfall.

The airline said hefty cost-cutting measures had helped improve performance in the three months to December 31. Analysts had expected the firm to post a much greater loss of pound(s)150 million in the period.

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British Airways Hit by Pound(S)50m Loss

Chief executive Wi...

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