British Airways returns to profit

29th October 2010, Comments 0 comments

British Airways on Friday posted net profits of 107 millions pounds for the first six months of its financial year, its first interim profit for two years, as revenues rose and non-fuel costs fell.

The impressive result, equivalent to 122 millions euros or 170 million dollars, compared with a net loss of 217 million pounds in the six months to September 2009, the airline said in a results statement.

BA, which is merging with Iberia of Spain, said interim pre-tax earnings hit 158 million pounds, compared with a year-earlier loss of 292 million pounds.

© 2010 AFP

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