British Airways reported a net loss of £358 million ($563.7 million) for its fiscal year ended March 31, reversed from a net profit of £726 million in its prior fiscal year, and said it will slash capacity 4% in the upcoming winter season and park up to 16 aircraft. CEO Willie Walsh said current market conditions are "the harshest trading environment we have ever faced." He announced that in addition to the planned capacity cut, BA will not pay management bonuses and will freeze ...

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