BA's first-quarter profit falls 90.1% amid 'worst trading environment'

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...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.