Air Transport World

British Airways.(financial information)(Brief Article)(Statistical Data Included)

British Airways reported fiscal second-quarter net profits of [pounds]216 million ($366.4 million), up 41.2% over the year-ago period, but said that with a weakening of the U.K. economic outlook, there had been a reduction in unit yields. This had been offset by benefits from the ongoing "business efficiency program" that is ahead of schedule and is expected to achieve [pounds]600 million in cumulative annual savings by March 31, 1999.

Turnover rose 8. …

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