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“British Airways heads for record loss”

February 7th, 2010 | Posted in Finance | Author: Editor

“British Airways PLC said that its cost-cutting drive has put the airline on the right course but won’t save it from posting record losses in the current year.  In an update on the nine months ending Dec. 31, the carrier reported an operating of loss of 86 million pounds (US$135 million), compared to a profit of 89 million pounds a year earlier, and a pretax loss of 342 million pounds compared to a loss of 70 million pounds”

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