Air Transport World

British Airways netted 98 million [pounds sterling] ($163.9 million) in its fiscal second quarter ended Sept. 30, down 35.5% compared to a net profit of 152 million [pounds sterling] a year ago.(Europe report)(Brief Article)

British Airways netted 98 million [pounds sterling] ($163.9 million) in its fiscal second quarter ended Sept. 30, down 35.5% compared to a net profit of 152 million [pounds sterling] a year ago. Pre-tax profit, including a non-cash charge of 58 million [pounds sterling] mainly reflecting re-valuation of yen-denominated debt, fell 57.1% to 105 million [pounds sterling]. "The deterioration in operating profit reflects deterioration in revenue as continuing economic weakness impacted yield," Chairman Colin Marshall noted. Earnings also were reduced by last July's surprise weekend walkout of London Heathrow counter staff that cost an estimated 40 million [pounds sterling]. Group turnover was down 5. …

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