February 10, 2004 |
Financially troubled airline British Airways reported a sharp rise in profit for the last three months of 2003 thanks to a stringent cost-cutting program. The airline said its net income -- after tax and minority interest -- was $154.4 million in the October-December quarter, up from $24.2 million in the same period in 2002 when results were hurt by the looming threat of war in Iraq. Revenue grew 1.6% to $3.52 billion.
October 31, 1990 |
Iraqi Airways said Tuesday it will not release a British Airways jumbo jet held in Kuwait city until British Airways sends back some Iraqi Airways engines being serviced in Britain. Sources at the International Air Transport Assn., or IATA, said that returning the engines was out of the question since it would amount to a violation of U.N. sanctions against Iraq for its Aug. 2 invasion of Kuwait.
July 27, 1991 |
British Airways on Friday announced a deal with the Soviet airline Aeroflot to create a new international carrier called Air Russia. Plans are for service to begin in 1994 but routes have not been selected, British Airways said. In signing the deal, the British carrier jumped ahead of its American rivals to create a hub in a huge and potentially lucrative travel market of 280 million people.
May 31, 2003 |
The U.S. government gave final approval for a limited marketing alliance between AMR Corp.'s American Airlines and British Airways. The code-sharing agreement permits the carriers to sell seats on some of each other's flights. Previous efforts by the carriers to deepen their ties foundered over competition concerns and the failure of the U.S. and British governments to cement an air liberalization treaty. From Reuters
October 22, 2001 |
British Airways, Europe's largest airline, said Sunday that it is in talks with KLM Royal Dutch Airlines and other carriers about combining operations as a slump in demand forces airlines to cut costs. "European aviation has to consolidate," BA Chief Executive Rod Eddington said. "By the time it's finished there'll probably be three rather than 15 major international carriers in Europe," he said, citing British Airways, Lufthansa and Air France.
August 12, 2005 |
British Airways has canceled all flights in and out of London's Heathrow Airport until late today after a series of wildcat strikes stranded thousands of passengers during the peak holiday season. Chief Executive Rod Eddington said there would be no flights until this evening at the earliest after ground staff walked out, causing chaos at the world's busiest international airport.
February 17, 1998 |
Rockwell International Corp. said Monday that it has won a contract from British Airways Plc to install its Rockwell Collins in-flight entertainment system in more than 100 jetliners. Terms of the contract weren't disclosed at British Airways' request, a Rockwell spokesman said. This is Rockwell Collins' first major contract for its in-flight entertainment system.
October 20, 1989 |
British Airways has decided not to participate in the takeover UAL Corp., the parent of United Airlines, it was learned Thursday. The decision by British Airways is a major blow to the employee-management group that is trying to buy the airline. British Airways had agreed to contribute $750 million to the takeover effort, or about 80% of the equity needed to finance the deal.
August 25, 1998 |
British Airways will order 59 Airbus Industrie jetliners and take options for 200 more, breaking its longtime record as a Boeing-only customer, sources familiar with the decision said Monday. The order for A320-family short-range jets, worth as much as $11 billion if all options are exercised, would mark one of the European plane maker's biggest victories against Boeing Co., the world's biggest aircraft maker. An announcement could come as early as today.