British Airways Finally Make A Profit

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Most people would assume that British Airways have had a bad year. The airline have been plagued by cabin crew strikes, air traffic control strikes, not to mention the volcanic ash cloud that halted all services.

But, despite the obstacles, BA has emerged victorious with its first profit in over two years. 

The surprising results show a half-year profit of £1158m, as the company prepares to join forces with fellow airline Iberia of Spain, who have also reported a profit for the ninth consecutive month of 53m Euros. 

Forecasters had been expecting a profit figure for BA of about £75m - half of what the company actually made.

According to the official release, published by BA, revenues were up to 8.4% to £4.4b, thanks to a specifically high cargo revenue rise of 39%. 

In addition, pre-tax profits in the three months before September - stood tall at £322m - a period fittingly free of strikes and ash. 

The half-year census marks a full rotation from the results published during the exact same period in 2009, where BA reported a staggering £292 loss at the height of the recession. 

BA's Chief Executive Willie Walsh used the financial occasion to attack a tax rise on passengers set to start from next week and said: "Excessive taxation puts aviation's social and economic benefits at risk.

"Aviation supports more than 500,000 jobs in the UK and provides the transport links that are vital to the success of UK businesses in a globalised economy."

The company, who are due to merge with Iberia on January 21, have confirmed that Air Passenger Duty will increase by 55% on some long-haul flights. 

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