BA says profit outlook unchanged by strike
LONDON (AP) — British Airways said yesterday that it has flown more aircraft during the second strike by its cabin crew so far, adding that its full-year profit outlook remains unchanged by the walkouts. BA said that the first two days of the current four-day strike — over the weekend — had cost the airline around £5.5 million ($8.2 million). That's less than the £7 million per day it estimated for last week's three-day day walkout.
"Earnings expectations for the year ended March 31, 2010, continue broadly unchanged," the airline said in a statement.
BA is on track for a record loss this year after reporting an operating loss of £86 million for the first nine months, compared with a profit of £89 million a year earlier. BA said it operated 83 percent of its long haul programme over the weekend, compared with 78 percent during the first strike, and 67 percent of its short haul programme, compared with 50 percent.