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the_380
Member
Joined: 19 Dec 2006
Posts: 2327
Location: Mumbai, India
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 Posted: Fri Aug 01, 2008 3:42 pm Post subject: BA profit collapses on dire trading environment |
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BA profit collapses on dire trading environment
LONDON (Reuters) - British Airways' (BAY.L) profit collapsed in the first quarter as high oil prices, an economic slowdown and weak consumer confidence combined in what the airline called the worst trading conditions it had ever experienced
The British carrier reduced its annual revenue target to 3 percent from 4 percent previously and said it was focused on "achieving a small profit in the current financial year" and sustainable profitability in the medium and long-term.
BA now plans to raise ticket prices to recoup losses from a planned 3 percent reduction in winter capacity and spiraling oil prices.
Full Article Here
Kind of expected...
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the_380
Member
Joined: 19 Dec 2006
Posts: 2327
Location: Mumbai, India
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| Posted: Fri Aug 01, 2008 11:29 pm Post subject: |
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From anet:
BA orders 6 773ERs
From Press Release
We have ordered six Boeing 777-300ER aircraft, and placed options for four more. The B777-300ER is 23 per cent more fuel efficient than the Boeing 747. The aircraft will give us greater flexibility in the longhaul fleet following delays to our Boeing 787 deliveries. We ordered 24 B787s and 12 Airbus A380s, for delivery between 2010 and 2014, to replace some of our oldest aircraft and expand our fleet
Link:
http://www.airliners.net/aviation-forums/general_aviation/read.main/4089817/
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