British Airways has reported it’s biggest annual loss since privitisation in 1987 due to a drop in passenger numbers, increased costs and an ongoing dispute with cabin crew.
The carrier lost some 610 million euros in the 12 months to March the results come as the airline faces further industrial action and the spectre of the volcanic ash cloud continues to loom.
Willie Walsh is CEO of British Airways:
“These losses demonstrate the need to reach agreement. This is a business that has gone through the worst downturn in the history of aviation and we’re still here in strong position relative to many of our competitors because we have taken decisive action. We have taken action to change the structural nature of our cost base and that’s why we have confidence in our long-term viability.”
It is thought that the recent strikes have cost the airline some 49 million euro with more on the cards.
BA say that they intend to offer a “significant services” for the duration of the strike.