British Airways to cut back on expenses

France News.Net
Sunday 5th July, 2009

British Airways believes it will be able to cut capital spending for the financial year 2009/10.

Fewer passengers have caused BA to report a spending cut of up to one fifth.

The airline has cut spending by 20% to £580 million from £725m, and had temporarily stopped its orders for 12 Airbus A380 aircraft.

BA has also announced a 5% drop in passenger traffic for June.

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Comments on this story

Sonu
07-05-09, 12:39 PM

British Airways to cut back on expenses

I think any company who wants to survive and is looking to increase the shareholder wealth will do it continuously but I am afraid BA has realised it just now when things have become out of their hands.

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