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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Top Stories Full Coverage Most Popular Photos Search Search: British Airways profits take a plunge AFP - Saturday, November 8 LONDON, (AFP) - - British Airways announced a sharp fall in profits and passenger numbers Friday as it suffered the fallout from the global financial crisis and high fuel prices. "This is a good performance given the incredibly difficult trading conditions. The six month period will be remembered as the bleakest on record," Chief Executive Willie Walsh, said in a statement. The company recorded a net loss of 42 million pounds (53 million euros, 66 million dollars) for the first half of 2008 and said passenger numbers were down by almost four percent. Pre-tax profits were down to 52 million pounds from 616 million pounds a year earlier. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo British Airways announced a sharp fall in profits and passenger numbers Friday as it suffered the fallout from the global financial crisis and high fuel prices. Chief Executive Willie Walsh said it was a "good performance given the incredibly difficult trading conditions" Most Popular – Top Stories Viewed Among Obama's next challenges: his own security IMF sees recession in advanced economies in 2009 US doctors tell Liu Xiang he needs surgery Obama's grandmother, family 'rock', dies on election eve World stocks plunge on rising recession fears View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

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