Winter flights put on ice as BA feels the chill.

Seems the urge to travel as far and as fast as possible is facing a
bit of a problem.

"British Airways will cut capacity by up to 5% over the winter and
impose a partial hiring freeze after admitting it will be a
"considerable achievement" to avoid plunging into a loss this year.

BA will reduce the amount of flights on its routes and axe some
services between October and March as it shores up its cost base in
the face of an oil price of more than $140 (£69.82) a barrel.

Willie Walsh, chief executive, said the waning global economy was also
affecting demand for air travel, creating a double-whammy that has
caused the collapse of at least 25 airlines this year. "I have no
doubt the prices people are paying for energy are beginning to hit,
and people are seeing higher prices for food. Generally, the economic
environment is softer than it was six months ago," he said..."

More:

http://www.guardian.co.uk/business/2008/jul/16/britishairwaysbusiness.theai
rlineindustry

--
UK Radical Campaigns
www.zing.icom43.net
Travel broadens the damage.

[ Auf dieses Posting antworten ]

Antworten

NM (16.07.2008 09:18)

Tony Dragon (16.07.2008 09:34)