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BA's £50m loss beats expectations | |
(10 minutes later) | |
British Airways has announced it made a pre-tax loss of £50m ($79m) in the three months to December 2009. | British Airways has announced it made a pre-tax loss of £50m ($79m) in the three months to December 2009. |
This was down from the £122m it lost in the same period in 2008 and lower than many analysts had expected. | This was down from the £122m it lost in the same period in 2008 and lower than many analysts had expected. |
However, BA's pre-tax loss in the nine months to December rose to £342m from £70m in the same period in 2008. | However, BA's pre-tax loss in the nine months to December rose to £342m from £70m in the same period in 2008. |
BA is currently locked in a High Court battle with the union Unite over changes to cabin crew contracts and is facing possible strike action. | BA is currently locked in a High Court battle with the union Unite over changes to cabin crew contracts and is facing possible strike action. |
Analysts had predicted BA would announce a loss of £151m in the third quarter, taking its loss for the nine months to £443m. | |
In December, BA said passenger numbers had fallen by 4% year-on-year to 2.4 million. | |
The airline avoided strike action over the Christmas and New Year period after winning a legal challenge against the unite Union. | |
Unite is re-balloting its 12,000 cabin crew members with the result due on 22 February. |