BA faces record losses as winter strikes loom


	BA faces record losses as winter strikes loom

JICWyllie

11-1-2009 8:32 AM

29 views

tags:

1-aviation, 1-losess, 1-strikes, 2-increase, 3-reported, 4-uk

JICWyllie says:

More grist for the the re-nationalisation mill? It would be worth it just to see how wound up Richard Branson would get.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/79e88a58-80e0-4dea-9b71-8d01465dfc6a/8764ED37-7F67-4438-85CF-152200153A47/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.telegraph.co.uk/finance/newsbysector/transport/6474488/BA-faces-record-losses-as-winter-strikes-loom.html" href="http://www.telegraph.co.uk/finance/newsbysector/transport/6474488/BA-faces-record-losses-as-winter-strikes-loom.html" style="font-size: 11px;">www.telegraph.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/newsbysector/transport/6474488/BA-faces-record-losses-as-winter-strikes-loom.html"><P>
City analysts expect BA to have racked up a pre-tax loss of £252m during the 
  first half of the year, leaving the airline facing a second straight year 
  without profits for the first time since it was privatised in the 1980s.
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/newsbysector/transport/6474488/BA-faces-record-losses-as-winter-strikes-loom.html">Willie Walsh, BA's chief executive, will unveil the loss to shareholders at 
  the end of a turbulent five days that begins tomorrow with a union meeting 
  of 2,500 cabin crew at racing ground Sandown park. There will also be a 
  connected High Court hearing later in the week. 
</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/newsbysector/transport/6474488/BA-faces-record-losses-as-winter-strikes-loom.html"><P>
Officials at BA fear that even the threat of a walkout will be enough to deter 
  passengers from booking with the airline and potentially saddle it with a 
  pre-tax loss that eclipses the £401m recorded in its last financial year. 
  The summer period is critical for most airlines, and in the first half of 
  2008 BA enjoyed a profit of £52m despite the UK economy already being mired 
  in recession.
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