British Airways reported net profit of £27 million ($53.5 million) in the fiscal first quarter ended June 30, down 90.1% from the £274 million earned in the year-ago quarter, with the drop largely due to a 49.3% year-on-year rise in fuel costs to £706 million after hedging. Revenue grew 2.8% to £2.26 billion and total operating costs rose 15.2% to £2.22 billion. Operating profit fell 86.8% to £35 million from £263 million a year ago. Operating margin for ...

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