British Airways profit after restructuring programme

BRITISH Airways turned in a pre-tax profit of £25m for the three months to December 31 and said in the absence of war in the Mideast it expects this year to be profitable.

But it added a warning that this year would be tougher than last and that no growth in revenue is expected. BA has adopted a cost-cutting and redundancy programme which has boosted the bottom line.

The profit for the third quarter compares to a pre-tax loss of £160m for the same period in the previous financial year.