British Airways problems

BRITISH AIRWAYS has announced a loss of £292m for the normally lucrative six (summer) months ending 30 September as against a £140m profit for the same period last year.  Also announced last Friday (6 November) was a profit of €15m (£13.5) for Alitalia.  Again on the financial front Lufthansa has reported a gain of €226m (£200m) for the first nine months of 2009.  Air France says it will find it "very difficult" to meet its full-year profit target of €1bn (£802m) but should come out positive.  To add to its woes the widely reported BA cabin staff dispute over cost cutting continues although the airline has won a court injunction allowing it to move ahead with its implementation.  However the Union is still planning a strike ballot and whatever brave words BA puts out these problems will have an effect on forward bookings. www.unitetheunion.com www.ba.com 

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