Air Transport World

British Airways. (Europe Report).(reports net profit)(Brief Article)

British Airways reported a net profit to shareholders for the fiscal second quarter ended Sept. 30 of [pounds sterling]152 million ($236 million), a vast improvement over year-ago earnings of just [pounds sterling]19 million. "Our Future Size and Shape business strategy focuses on reducing costs, removing complexity and restructuring our short-haul business. These results show we are delivering," CEO Rod Eddington noted.

Group turnover for the second quarter was [pounds sterling]2.1 billion, down 6.5%, while operating expenses fell 14. …

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