British Airways today reported a sharp fall in profits after the airline was hit by rising fuel costs and the impact of the economic crisis.
Chief executive Willie Walsh described the half-year period as “one of the bleakest on record”, but said the airline produced a good performance given the difficult trading conditions.
Pre-tax profits of £52m (€64m) were down from £616m (€758m) a year earlier after fuel costs increased by £511m (€628.5m) to £1.49bn (€1.8bn).