By most financial measurements, British Airways stands at or near the top of the airline industry. Its operating profit of £705 million for the financial year ended March 31 was in absolute terms the highest of any passenger airline in the world, according to ATW's World Airline Report (7/05, p. 37), while its net result of £451 million was the second-highest, trailing only that of Air France-KLM Group, which enjoys a revenue base that is almost 75% larger than its cross-Channel rival. Its ...

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