British Airways shares fall

Although British Airways beat forecasts for its first-quarter earnings yesterday due to the strict implementation of its cost cutting programme, shares fell 10p to stg£1.40 on the FTSE, a drop of 6.6%.

The fall came after the chairman’s comments that full year revenues would be hit this year.

“The travel market continues to be subject to considerable global economic and political uncertainty, and is expected to remain soft for the remainder of the year,” said Chairman Lord Marshall.