British Airways posts annual net loss of 425 million pounds

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Troubled British Airways announced Friday that net losses widened to 425 million pounds (620 million dollars, 490 million euros) in the group's 2009/2010 financial year.

Earnings after tax ballooned by nearly one fifth in the 12 months to March 2010, after a loss of 358 million pounds in 2008/2009, BA said in a results statement.

© 2010 AFP

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