British Airways today reported a 45 per cent rise in annual profits but warned that economic uncertainty and sky-high fuel costs pose challenges this year.
The airline said profit before tax totalled £883m in the 12 months to 31 March, and added that staff would share a £35m bonus.
BA boss Willie Walsh described it as an “outstanding financial result”.
However, the airline also said that problems at Heathrow Terminal 5 would hurt its earnings this year.
The company said the first quarter of the current financial year would be particularly difficult, with crude oil prices now at $115 a barrel - more than double the $58-a-barrel price seen a year ago.
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“The company said the first quarter of the current financial year would be particularly difficult, with crude oil prices now at $115 a barrel - more than double the $58-a-barrel price seen a year ago.”
How exactly is $115 more than double $58 ???
And did the same person who worked that out, work out the company’s profits too???