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Old 02-04-2002, 06:27 AM   #1
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British Airways sets job cuts ahead

British Airways sets job cuts ahead


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LONDON (CBS.MW) - Shares of British Airways dipped 4 percent Monday after the flagship carrier turned to a loss in its December quarter amid the collapse in trans-Atlantic traffic.

BA further didn't release many details from its much-awaited restructuring plan, the "Future Size and Shape" of the airline, but Chief Executive Ron Eddington told BBC radio Monday that more job cuts are expected.

The airline (UK:BAY: news, chart, profile) posted operating loss of 187 million ($265 million) as sales dropped 20 percent to 1.8 billion in its fiscal third quarter. A year-ago, BA had an operating profit of 80 million.
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Old 02-04-2002, 06:27 AM   #2
Senior Member
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Join Date: Sep 2001
Location: IAH/HOU
Posts: 2,354
British Airways sets job cuts ahead

British Airways sets job cuts ahead


Quote:
LONDON (CBS.MW) - Shares of British Airways dipped 4 percent Monday after the flagship carrier turned to a loss in its December quarter amid the collapse in trans-Atlantic traffic.

BA further didn't release many details from its much-awaited restructuring plan, the "Future Size and Shape" of the airline, but Chief Executive Ron Eddington told BBC radio Monday that more job cuts are expected.

The airline (UK:BAY: news, chart, profile) posted operating loss of 187 million ($265 million) as sales dropped 20 percent to 1.8 billion in its fiscal third quarter. A year-ago, BA had an operating profit of 80 million.
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