British Airways suffered a net loss of £425 million ($534.3 million) for its fiscal year ended March 31, widened 18.7% from a £358 million deficit in the prior year. CEO Willie Walsh pointed to the fact that operating loss increased just 5% year-over-year to £231 million, or 2.8% to £146 million excluding restructuring costs. "To be in the midst of the biggest economic downturn in 60 years and produce the same operating figure as last year shows the hard work ...

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