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BA boosted by profit forecast

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BA boosted by profit forecast

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British Airways shares rose 11.9 percent after it said it is sticking to its forecast for a small operating profit this year. The airline also lifted its revenue target to four percent this financial year from an earlier forecast of three percent. That is despite profit in the first-half of the year plunging more than 90 percent due to high fuel costs and the global financial crisis. BA said higher prices and a helpful exchange rate will offset falling passenger numbers.