Companies
BA sees 3-5 pct capacity cuts in winter
Posted 15 July 2008 @ 04:18 pm GMT
British Airways expects to cut capacity by three to five percent in its winter season due to the rising cost of fuel, its chief executive told reporters on Tuesday.
"We are beginning to see the impact of high energy prices and high food prices coming through," Willie Walsh said at a press conference after the airline's annual general meeting.
Walsh said there were no plans to terminate long-haul routes but said the airline could cut back on the frequency of flights. He added there could be "one or two" short-haul suspensions.
(Reporting by Paul Sandle)
Copyright 2008 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Most Popular Stories
- 1 RBS gets Chinese approval for Suzhou stake
- 2 June retail sales fall less than expected
- 3 Birth control battle weighs on Philippine economy
- 4 Saudi Telecom in sponsorship deal with Man United
- 5 Glasgow loss deals blow to Labour
- 6 Besley says fighting inflation tough task
- 7 Asia stocks at two-year low
- 1 Banks may avoid worst of household debt pain
- 2 FAA proposes 3.8 million fine against American
- 3 Swaps spreads highlight credit stresses
- 4 Slower economy saps climate action
- 5 Besley says fighting inflation tough task
- 6 Poll shows leader swap would not save Labour
- 7 Weak sterling may not curb recession
Top Stories on Companies
- 1 RBS gets Chinese approval for Suzhou stake
- 2 Buyout group raises offer for Australia's Indophil
- 3 Nat Exp and Stagecoach on rail bid shortlist
- 4 Tolent posts fall in first-half pretax profit
- 5 HP results top Wall Street targets
- 6 Apple updates iPhone software to fix glitches
- 7 BAA set for break-up
|
|















easyJet expects high load factor for GB Airways



