BA reports £164m loss as strikes and ash cloud take their toll
BA has reported a £164m pre-tax loss for the three months to June.
The figure was higher than the £148m loss it made in the same period last year.
BA said that taking into account the impact of all disruptions – including the volcanic ash cloud and the strikes by cabin crew at the company – the loss was in line with previous estimates.
However, it said total costs for the quarter were down 3.3 per cent down compared with last year.
The Icelandic ash cloud which grounded flights earlier in the year cost the carrier an estimated £120m.
Meanwhile the dispute with cabin crew dented its finances to the tune of £150m.
BA chief executive Willie Walsh said: “Despite both revenues and cost being hit by the closure of UK airspace following the Icelandic volcanic eruption and the impact of industrial action, our financial performance improved during the quarter from underlying revenue increases and further cost reductions.”
BA’s total losses last year were over £500m.