British Airways posts record loss
Friday 21st May 2010, 7:18AM BST.
British Airways has reported its biggest annual loss – a defecit of £531million in the 12 months to March.
The carrier blamed lower passenger numbers, higher costs and the impact of strike action.
It is BA’s biggest loss since it was privatised in 1987.
That adds to the £401m it lost in the 2008-9 financial year, but is less than the £600m loss many analysts feared.
The results come as BA faces 15 more days of strike action by cabin crew, due to begin on Monday.
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