BA says oil prices could cost $7bn

The boss of British Airways warned today that the aviation industry could lose as much as $7bn (€5.7bn/£3.85bn) this year as high oil prices take their toll.

BA says oil prices could cost $7bn

The boss of British Airways warned today that the aviation industry could lose as much as $7bn (€5.7bn/£3.85bn) this year as high oil prices take their toll.

Rod Eddington said the rising fuel bills faced by airlines meant that industry losses would be steeper than the $5bn (€4bn/£2.75bn) deficit in 2004.

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