Air Transport World

British Airways.(EUROPE Report)

* British Airways reported its first quarterly loss in two years as well as a 34.9% decline in consolidated net profit to [pounds sterling]304 million ($600.8 million) for its fiscal year ended March 31, and admitted it has set aside [pounds sterling]350 million to settle fines and claims relating to alleged price-fixing on long-haul passenger and cargo fuel surcharges (see "World Airline Report" beginning on p. 26).

Regarding investigations by the US Dept. …

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