1-Oct-2009 1:21 PM

British Airways no longer in a “fight for survival”

British Airways CEO, Willie Walsh, stated the carrier is no longer in a “fight for survival”, but it does not expect a rapid recovery (The Times, 01-Oct-09). The carrier has raised GBP680 million in capital and cut costs since Jun-2009.

British Airways: “I think we have done what needed to be done to address the immediate crisis we faced. Strengthening our cash position was a critical issue and we are taking the right steps to profitability. The situation is no longer as critical,” Willie Walsh, CEO. Source: The Times, 01-Oct-09.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More