After reporting a net earnings decline in its second fiscal quarter, British Airways rebounded in the third quarter ended Dec. 31 thanks to increased premium traffic and a reduction in unit costs, posting a profit after tax of £123 million ($218.4 million), a 4.2% gain over the £118 million earned in the year-ago quarter. "These are encouraging results which reflect better revenue and the continued efforts of our people to strengthen the business," CEO Willie Walsh said. "Revenue ...

Subscribe to Access this Entire Article

"British Airways cost-cutting, promotional efforts bring profits" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.