Taxing Business

BA reports loss - still plans cuts up to 1,200 jobs

British Airways has reported a pre-tax loss of £50 million during the third financial quarter of 2009/10 according to BBC news. The loss recorded by BA from October 2009 to December 2009 was actually lower than expected.

Despite announcing that the company beat analysts expectation of up to £151m in losses, British Airways has said it will still be cutting 1,200 jobs as they announced back in November 2009. This is due to the business making a loss of £342 million in the first three quarters of 2009, up from a loss of £80 million in the same period a year earlier.

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