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Despite the chaotic debut of London Heathrow's Terminal 5 and record fuel costs -- British Airways has still produced a big leap in profits. Annual pretax profit is up 45 percent to 883 million pounds helping BA pay out its first dividend to shareholders since 2001. The growth was driven by cost-cutting and rising business class seat sales. After the T5 fiasco which caused huge disruption to passengers, BA boss Willie Walsh has decided not to take his annual bonus. However, he insists those teething problems are well and truly history: SOUNDBITE: Willie Walsh, CEO, British Airrways: "Well since T5 opened, and that was a very disappointing first couple of days, 2.1 million people have flown through T5 and the vast majority of those people would have experienced a very good performance. The vast of majority of those people will have witnessed the true potential of Terminal Five and I get more letters from my customers now telling me about how pleased they are with T5 than I have...
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British Airways profits soar

Despite the chaotic debut of London Heathrow's... (more)
Channel:MediaScrape Category:Business Views:5
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