BA Labels Latest Quarterly Outcomes as “Reasonable”

Terming its latest financial quarter results as “reasonable”, British Airways posted a pretax profit of £241 million for the three months ended September 30, 2005.

Pre-tax profits for the second quarter were down from £293m for the same period in 2004 when the Qantas sale brought in £86m. The three month pre-tax figures took the result for the half-year to £365 million profit (2004: £368 million).

“This is a reasonable set of results driven by improvements in revenue, seat factor and yield. It is clear, however, that we need to reenergize our drive on controllable costs. We have demonstrated time and again that it is possible to offer world-class service while improving unit costs,” Willie Walsh, British Airways´ chief executive, said.