British Airways completes woeful year for Europe’s Big Three. Outlook brighter

British Airways reported an operating loss of GBP231 million for the 12 months ended 31-Mar-2010, completing a dismal year for Europe's big three airlines. Between them, BA, Air France-KLM and Lufthansa generated net losses of EUR2.16 billion*, as revenues crumbled in the face of the deepest post-war global economic recession. GBP1 billion (EUR1,155 million) was carved off BA's annual revenue (-11.1% to GBP7,994 million, EUR9,252 million), while Air France-KLM suffered a 15% fall in revenue to EUR20,995 million. The Lufthansa Group generated revenues totaling EUR22.3 billion in 2009, down 10.3% year-on-year.