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| Version 1 | Version 2 |
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| BA's £50m loss beats expectations | BA's £50m loss beats expectations |
| (20 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 smaller 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. | Analysts had predicted BA would announce a loss of £151m in the third quarter, taking its loss for the nine months to £443m. |
| British Airway's chief executive Willie Walsh said the figures were representative of cost-cutting measures across the company. | |
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| "Operating costs are down by 10.5% and show that we've adapted quickly to the new businesses realities created by the global recession. | |
| "We still expect to make record losses this year. Permanent structural change is being introduced in all areas and will return us to sustained profitability," he said in a statement. | |
| Mr Walsh also said the company was working with staff, unions and trustees to address BA's £3.7bn pension funds' deficit. | |
| The airline avoided strike action over the Christmas and New Year period after winning a legal challenge against the unite Union. | 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. | Unite is re-balloting its 12,000 cabin crew members with the result due on 22 February. |