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BA reports £122 million net loss citing volcanic ash, cabin crew dispute

British Airways reported a net loss of £122 million ($190.5 million) for its fiscal first quarter ended June 30, widened 15.1% from a £106 million deficit in the year-ago period, but noted that operating loss improved 23.4% year-over-year to £72 million.

British Airways A318. Photo: Courtesy, British Airways. British Airways reported a net loss of £122million($190.5 million) for its fiscal first quarter ended June 30, widened 15.1% from a £106 million deficit in the year-ago period, but noted that operating loss improved 23.4% year-over-year to £72 million. It said it incurred "disruption" costs of £250 million during the three months including £108 million relating to the volcanic ash ...

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