British Airways slumps to record loss
British Airways slumped to a record loss and nearly doubled its debt pile during the year to end March, and said the tough conditions made it impossible to give any guidance for the current period.
British Airways plunged into the red with a 375-million-pound loss in the past year, hit by high fuel costs and slumping demand and with no sign of immediate improvement in the downturn, the airline said on Friday.