British Airways returned to profit in the first half after a 17 percent rise in yields while restructuring efforts reduced costs.
The chief executive of British Airways declared the airline is "back in the game" Friday after returning to profit after two years of record losses. The airline, which is seeking shareholder approval to merge with Spanish airline Iberia, says the combined group is catching up with rivals Lufthansa and Air France-KLM.
"I do see it though as us very much being back in the game, on a level-playing field competing with these two big European operators," Willie Walsh told CNN's Richard Quest.
BA beat analysts' forecasts with a pre-tax profit of £158 million ($219 million) for the six months to the end of September. During the same period last year it slumped to a loss of £292 million ($466 million) amid heavy discounting as it sought to fill seats.
Read More:http://edition.cnn.com/2010/BUSINESS/10/29/british.airways.walsh/index.html?hpt=T2
"I do see it though as us very much being back in the game, on a level-playing field competing with these two big European operators," Willie Walsh told CNN's Richard Quest.
BA beat analysts' forecasts with a pre-tax profit of £158 million ($219 million) for the six months to the end of September. During the same period last year it slumped to a loss of £292 million ($466 million) amid heavy discounting as it sought to fill seats.
Read More:http://edition.cnn.com/2010/BUSINESS/10/29/british.airways.walsh/index.html?hpt=T2
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